Man Industries stock falls 16% in early trade after SEBI bars firm, top execs
Man Industries' stock fell 16% in early trade on Tuesday after SEBI barred the firm and three of its top executives from accessing the securities market for two years over fund diversion. The executives include its Chairman Ramesh Mansukhani, MD Nikhil Mansukhani, and former CFO Ashok Gupta. SEBI is seeking ₹1 crore from the company and executives over the matter.