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Sebi slaps Rs 1.5 crore fine on a individual in IPO fraud case

Last Updated: Friday, December 28, 2012, 18:37

Market regulator Sebi today imposed a penalty of Rs 1.50 crore on one Purshottam Budhwani for his alleged role in fraudulent trading practices in IPOs of 13 firms including Yes Bank and Suzlon Energy between 2003-2005.