SEBI orders 4 firms to refund public money in 3 months
Markets regulator SEBI has ordered four firms, Eris Energy, KKDIL Nidhi, United Medicine and Surgical Industries, and Green India Infrastructure to refund investors’ money, which they raised illegally, within three months. Further, the firms and their directors have been prohibited from dealing in the securities markets for four years and the ban will continue till the completion of refunds.