The Indian Values ​​and Exchange Board (SEBI) has received a fine of 5.2 CORS of RS on the OPG values ​​and its three directors in relation to the question of co-located of the National Stock Exchange (NSE).

In a 25 -page order, Sebi imposed a penalty of 5 CORS in Opg Securities and his counselors – Sanjay Gupta, Sangeeta Gupta and Om Prakash Gupta – collectively to participate in unjust commercial practices. Additionally, Sebi fined Securities Opg and Sanjay Gupta Rs 10 lakes each for not fulfilling the regulatory code of conduct and obstructing the research, respectively.

In the recent ruling, Sebi stated that the OPG did not maintain the necessary standards of integrity, attention and diligence in its business operations. In addition, it was found that one of the counselors had obstructed Sebi’s investigations by not cooperating.

The Court of Appeal of Securities (SAT) previously confirmed that the OPG values ​​had obtained unauthorized access to the NSE’s secondary server, leading to unfair benefits. SAT ordered Sebi to review the penalty and amount of misfortune, annulling an earlier order of misery of 15.57 cross -cast by a SBI member.

In September 2024, the market regulator dismissed the charges against the NSE and his former executives due to lack of evidence to support the allegations. However, the amount of misfortune of the OPG was reviewed at 85 Crore Rs. Despite the increase in the amount of misfortune, the new penalty is still the same as the order of Sebi 2021.

Prior to the new order, Opg asked Sebi to suspend the procedures until the appeals were resolved to the Supreme Court. The market regulator clarified that the new procedures are focused solely on evaluating the sentence, as ordered by the court. Opg has disputed the previous findings of Sebi in the SAT and Supreme Court, with resources currently pending.