Market regulator takes major action against Mishtann Foods in case of wrongful fund raising – SEBI asks Mishtann Foods to retrieve nearly Rs 100 crore misappropriated and diverted to group entities
Market regulator SEBI has asked Mishthan Foods Ltd (MFL) to return nearly Rs 100 crore, which it wrongly raised through group entities and diverted to the company’s promoters and directors. Sebi, in an interim order issued on December 5, has asked the company to return funds worth Rs 49.12 crore from the rights issue and … Read more