The penalty follows a probe by the regulator regarding the firm’s allotment of 1.51 million GDR amounting to $6.99 million on the Luxembourg Stock Exchange in June 2008.
Sybly Industries is engaged in the manufacturing of polyester yarn and mercerised cotton yarn.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.