SEBI wraps Dhenu Buildcon on roundtripping charges
The Securities and Exchange Board of India (SEBI) penalized Dhenu Buildcon Infra Ltd. for alleged roundtripping of funds involving ₹1,000 crore across 46 transactions over eight days. The firm is accused of partially converting an unsecured loan into equity shares through preferential allotment. SEBI's action underscores the regulatory scrutiny on financial practices in the sector.