SEBI fines 11 entities for violations in dealings of Videocon shares

The Securities and Exchange Board of India (SEBI) has fined 11 entities ₹1 lakh each for violations of stock market norms regarding settlement of spot transactions of Videocon Industries' shares. The markets regulator on Tuesday levied the penalty on three Videocon promoters and another entity, P-Square Financial Consultancy Private Limited. The other seven entities were fined on August 6.