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Growpital told to shut down by regulator - The Times of India

Markets regulator Sebi has ordered Growpital Platform, an unauthorised collective investment scheme (CIS) that had mobilised about Rs 192 crore to invest in agricultural farms for tax-free returns to investors, to wind up and return investors' money along with 12% interest. Twenty eight entities associated with Growpital have together been fined Rs 26.1 crore, while two entities have settled the case with Sebi after paying Rs 40.6 lakh.

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