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.
Source: moneylife.in