Sebi fines 11 cos on investor complaint issue in FY13

Market regulator Sebi has slapped penalties totalling more than Rs 50 lakh on 11 companies since the beginning of the current fiscal for allegedly failing to resolve investor complaints.

As per the latest information with the Securities and Exchange Board of India (Sebi), the regulator has imposed a total monetary penalty of Rs 50.15 lakh so far in 2012-13.

These penalties have been imposed against 11 companies for their alleged failure in resolving investor grievances.

PTI