The regulator levied fines in the range of Rs 1 lakh to Rs 15 crore on 13 individuals, including Rs 15.08 crore on Indira Karkera (Vice President and client manager for a number of client companies of Sharepro), and Rs 5.16 crore on Govind Raj Rao (Managing Director of Sharepro).
The highest penalty of Rs 15.08 crore was levied on Indira Karkera, who was VP of the RTA; the second highest penalty of Rs 10.01 crore was levied on Balram Mukherjee and the third highest penalty of Rs 5.16 crore was levied on Govind Raj Rao, the MD of the RTA
The just 6-month old Mumbai-registered VCU Data Management Ltd (VDM) proposes to make a fresh issue 75 lakh shares at a price of Rs.25 a piece aggregating to Rs. 18.75 cr. Of this, 31.15 lakh shares are reserved for promoters and 3.78 lakh shares are earmarked for the Market maker viz: VS Fernando.