Sebi finds diversion of ₹2,315 crore from two Religare firms to Singh brothers2 min read . Updated: 14 Mar 2019, 09:29 PM IST
- Sebi directs Religare Finvest and Religare Enterprises to recover the loans allegedly diverted towards the Singh brothers
- The regulator also asks Singh brothers to disassociate themselves from the affairs of the two companies
MUMBAI : The Securities and Exchange Board of India, or Sebi, in an order passed on Thursday found that funds to the tune of ₹2,315 crore were diverted from the books of Religare Finvest Ltd and Religare Enterprises Ltd towards the benefit of erstwhile promoters namely Shivinder and Malvinder Singh.
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