Sebi slaps Rs 50 lakh fine on Sunil Lulla for violating market norms in Eros International matter

Capital markets regulator Sebi imposed a Rs 50 lakh fine on Sunil Arjan Lulla, the former MD of Eros International Media, for violating regulatory norms. Sebi also confirmed a ban against him and noted his resignation only after 13 months and receiving a show-cause notice.