Sebi’s fresh order reveals details of Eros International’s fund diversion case

Sebi’s fresh order reveals details of Eros International’s fund diversion case

On June 22, 2023, Securities and Exchange Bureau of India (Sebi), India’s market regulator, barred BSE and NSE-listed media and entertainment firm Eros International Media Ltd along with its promoters, managing director Sunil Arjan Lulla, and chief executive officer Pradeep Kumar Dwivedi from the securities markets. Sebi alleged that the company and its senior leadership were involved in siphoning of funds worth over INR2,000 crore. Coming down…

TIS Staff

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