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MACEL Fined Rs1 Crore for Helping in Diverting Rs3,535 Crore Between Coffee Day Enterprises' Subsidiaries and VGS and Relatives - Vimarsana News

MACEL Fined Rs1 Crore for Helping in Diverting Rs3,535 Crore Between Coffee Day Enterprises' Subsidiaries and VGS and Relatives

Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs1 crore on Mysore Amalgamated Coffee Estates Ltd (MACEL) for indulging in a diversion of funds worth Rs3,535 crore.