After stints in film production and exhibition, Manmohan Shetty starts an entertainment theme park. Can he turn it into a viable business?
Six years since the project was first conceptualised, Adlabs Imagica, positioned as South Asia's largest amusement theme park, will open its doors to the public on Thursday. CNBC-TV18‘s Farah Bookwala reports.
The Securities Appellate Tribunal (SAT) on Friday upheld the SEBI order on Manmohan Shetty, the founder of Adlabs Films (now, Reliance Mediaworks) who was found guilty of violating the provisions of the code of conduct applicable to the top management of listed entities.
In a partial repreive to Manmohan Shetty, former chairman of media company Adlabs Films, the Securities Appellate Tribunal (SAT) today lowered the penalty amount to Rs 25 lakh from Rs 1 crore for alleged violation of regulatory norms.