sebi:ORDER/GR/RR/2020-21/10373
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Facts / Headnote
Allegations not established; Noticee not liable for monetary penalty; Adjudication proceedings disposed of
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Volga International Ltd.
Holding
The allegations against Volga International Ltd. for violating Section 12A of the SEBI Act and Regulations 3(a), (b), (c), (d) and 4(1) of the SEBI PFUTP Regulations, 2003 in the matter of the IPO of Tijaria Polypipes Ltd. were not established, and the Noticee was held not liable for any monetary penalty under Sections 15HA and 15HB of the SEBI Act.
Full text
Adjudication Order w.r.t Volga International Ltd.in the matter of IPO of Tijaria Polypipes Ltd. Page 2 | 13 2011. The investigation revealed that on October 14, 2011, the share price of TPL in NSE, fell from the highest price of Rs 67.75/- per share to Rs 16.50/- per share while in BSE, it fell from the highest price of Rs 67.80/- per share to Rs 16.05/- per share.
Adjudication Order w.r.t Volga International Ltd.in the matter of IPO of Tijaria Polypipes Ltd. Page 3 | 13 the provisions of Section 15HA of the SEBI Act and Section 15HB of the SEBI Act for the alleged violations stated at para 3 above. The aforesaid SCN was served upon the Noticee.
Adjudication Order w.r.t Volga International Ltd.in the matter of IPO of Tijaria Polypipes Ltd. Page 4 | 13 4. 9:31 to 9:35 a.m. 294 8,10,558 0 5. 9:36 to 9:40 a.m. 97 2,67,429 5514 6. 9:41 to 9:45 a.m. 18 49,626 28,934 7. 9:45 to 9:50 a.m. 1 2,757 2,757 8. 9:51 to 9:54 a.m. 0 0 0 9. 9:55 am 0 0 2,36,814 10. 9:56 to 10:00 a.m. 0 0 16,40,623 11. 10:01 to 11:00 3 8,271 38,598 12. 11:01 to 12:00 1 2,757 6,205 13. 12:01 to 01:00 3 8,271 33,084
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Source: SecMarx — sebi:ORDER/GR/RR/2020-21/10373. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.