Taurus AMC settles case with Sebi; pays settlement charges worth ₹1.95 crore2 min read 25 Jul 2020, 08:09 AM IST
In February 2017, a small fund house Taurus Mutual Fund took a huge hit on four of their debt schemes when Ballarpur Industries Limited (BILT Paper) defaulted on their debt obligations.
Taurus Asset Management Company has settled with markets regulator Sebi a case of alleged fraudulent trading activities by paying nearly Rs. 1,94,82,201 as settlement charges. Sebi's July 23rd Settlement Order said the amount towards settlement was remitted on June 25.
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