Sebi on Wednesday imposed a total fine of Rs 50 lakh on three entities and two individuals Markets regulator Sebi on Wednesday imposed a total fine of Rs 50 lakh on three entities and two individuals and also restrained them from accessing securities markets for one year for indulging in fraudulent trading in the scrip of Asian Granito India Ltd. The entities are Pasha Finance Pvt, Pat Financial Consultant Pvt Ltd and Hridaynath Consultancy Pvt Ltd, while the individuals facing the penalty are Minal Bharat Patel and Ruchit Bharat Patel. They are facing a fine of Rs 10 lakh each for violating the Prohibition of Fraudulent and Unfair Trade Practices norms. Sebi in its investigation noted that they are repeatedly executing synchronised trades and created a misleading appearance of trading in the scrip without any intention of change in ownership of the security. “The Noticees have indulged into synchronised trading by repeatedly placing orders among themselves at the sam...