Sebi imposes Rs 7-cr fine on NSE, Rs 5 cr each on Ramkrishna, Varanasi in 'dark fibre' case - Shahpur Turk CSC - Common Service Centre in Sonipat Sebi imposes Rs 7-cr fine on NSE, Rs 5 cr each on Ramkrishna, Varanasi in 'dark fibre' case

01 July 2022

Sebi imposes Rs 7-cr fine on NSE, Rs 5 cr each on Ramkrishna, Varanasi in 'dark fibre' case

Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange (NSE) and its former chief Chitra Ramkrishna and Ravi Varanasi in the 'dark fibre' case. The regulator has imposed a penalty of Rs 7 crore on NSE and Rs 5 crore each on Ramkrishna and Varanasi. Besides, a fine of Rs 5 crore has been levied on Subramanian Anand. Further, Sebi has slapped a fine of Rs 6 crore on Way2Wealth Brokers, Rs 5 crore on GKN Securities and Rs 3 crore on Sampark Infotainment.

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