24 Oct 2026IndiaBusiness & marketsAI-written from sources
SEBI Fines Avadhut Sathe Trading Academy Rs 11.5 Crore, Orders Rs 546 Crore Refund
What happened
According to an NDTV Profit headline, the Securities and Exchange Board of India (SEBI) has imposed a Rs 11.5 crore penalty on Avadhut Sathe Trading Academy and ordered a refund of Rs 546 crore.
When it started
The date of the SEBI order is not stated in the material provided.
How it spread
The provided source is a single headline with no article text, so the full order, its reasoning and the process behind it are unknown. It is also not stated who would receive the refund.
Why it matters
The reasons for the penalty and refund are not given in the material provided. Readers should check SEBI's published order or full reporting for the specific findings.