SEBI Imposes Ban & Penalty on This Shipping Company. What You Need to Know.
The Securities and Exchange Board of India (SEBI) has issued a final order against Seacoast Shipping Services Ltd. (BSE: SEACOAST) and its promoters, including Chairman and Managing Director Manish Shah, barring them from the securities market. The order also directs the impounding of over ₹84 crore in illegal gains and prohibits the company from raising…