Sebi Fines Varanium Cloud ₹33.08 Crore, Bars Promoter Harshawardhan Sabale From Markets For 7 Years
New Delhi, Aug 25: Sebi on Tuesday slapped fines totalling Rs 33.08 crore on SME company Varanium Cloud, its promoter Harshawardhan Hanmant Sabale, and seven others for misrepresenting the company's financials and diversion of IPO proceeds. Sebi action against Varanium Cloud Besides, the regulator barred Varanium Cloud Ltd (VCL), and Sabale from the securities markets for seven years. Further,…
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