Fortis case: Sebi slaps Rs 24 crore penalty on Singh brothers, 7 others

The case pertains to misappropriation of funds by the erstwhile promoters and their related entities from Fortis Healthcare

Market regulator the Securities and Exchange Board of India (Sebi) on Tuesday imposed a penalty of Rs 24 crore on nine entities including Malvinder Mohan Singh and Shivinder Mohan Singh for irregularities at Fortis Healthcare.

The market regulator fined the Singh brothers Rs 5 crore each while their…read more