The Securities and Exchange Board of India (Sebi) has launched preliminary investigations into the spurt in the share price of Otis Elevator Company (India) Ltd in July. The share price shot up prior to the announcement of the sale of the Mahindras' 23.89 per cent stake in the company to their US-based partner, Otis Elevator Company.
Sebi has asked stock exchanges to furnish trading details of member brokers and details of clients on whose behalf the trades were carried out in July. This would enable Sebi to check if any unusual trading pattern had been witnessed and i
