SEBI Imposes Penalty on Ripu Kundra, Shilpa Shetty & Viaan Industries

In Re Ripu Sudan Kundra, Shilpa Shetty & Viaan Industries in the matter of Viaan Industries Limited (SEBI) FACTS OF THE CASE 1. Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) had conducted an investigation into the trading/dealings in the scrip of Viaan Industries Limited (formerly known as Hindustan Safety Glass Industries Limited), during the period September 01, 2013 to December 23, 2015 (hereinafter referred to as the ‘investigation period’). Pursuant to the investigations, it was observed that Mr. Ripu Sudan Kundra (hereinafter referred to as ‘Not...