New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The SEBI hasslapped a penalty of ____ on Gautam Thapar

    of the Avantha Group, for alleged fund diversion at CG Power and Industrial Solutions.
    A Rs.25 crore Correct Answer Incorrect Answer
    B Rs.15 crore Correct Answer Incorrect Answer
    C Rs.20 crore Correct Answer Incorrect Answer
    D Rs.10 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Securities and Exchange Board of India ( SEBI) slapped a penalty of Rs 10 crore on Gautam Thapar of the Avantha Group, for alleged fund diversion at CG Power and Industrial Solutions. The regulator also imposed Rs 5 crore on Avantha Holdings and Rs 1 crore each on IndusInd Bank and Aditya Birla Finance, lenders involved in the transactions with the Avantha Group. A total penalty of Rs 30. 15 crore has been slapped in the matter against 11 entities.

    Practice Next

    Relevant for Exams: