UPL, chairman Jaidev Shroff settle case with Sebi over trading violations, pay Rs 20.2 crore
Mumbai: United Phosphorous and its chairman Jaidev Shroff have settled a case with market regulator Sebi for alleged violation of its prohibition of fraudulent and unfair trade practices regulations by paying ₹20.2 crore as settlement amount. Fraudulent and unfair trade practices refer to stock manipulation. Sebi initiated a suo-moto investigation in the affairs of certain…