InvestorQ : Why has SEBI imposed a penalty of Rs.1.50 crore on KFin Technologies?
Rutuja Nigam made post

Why has SEBI imposed a penalty of Rs.1.50 crore on KFin Technologies?

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5 months ago
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This refers to Feb 2017 when it was called Karvy Computershare. The penalty is because Karvy Computershare had then wrongly redeemed its own units in Taurus Mutual Fund based on privileged information about the likely default of Ballarpur Industries. Karvy Computershare had redeemed all its unit holdings in Taurus Liquid Fund and the Taurus Ultra Short Term Bond Fund making unlawful gains of Rs.1.20 crore with privileged data.
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