India's Rana Sugars falls on penalty from markets regulator

Rana Sugars

28/08/2024 06:21

** India's Rana Sugars  RNSG.NS  down 7.5%
    ** India markets regulator on Tuesday imposed 70 mln rupees 
($833,904.16) penalty on co, top shareholders, on diversion of
company funds 
    ** SEBI also barred managing director, chairman from
securities markets for two years
    ** Including days losses, stock turns negative YTD, down
over 1%
    
($1 = 83.9425 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))