BusinessSEBI Bans Omaxe and Others, Imposes ₹1.92 Crore Fine
SEBI has banned real estate company Omaxe and five others from securities market trading for artificially showing minimum public shareholding. A total fine of ₹1.92 crore was imposed. Omaxe faces a three-month ban, while promoters Rohatas Goyal, Jai Bhagwan Goyal, and group firms face one-year bans. SEBI found that funds from Omaxe and its group were used to buy shares, falsely inflating public shareholding to meet regulatory norms.
Prabhasakshi·15h ago




