SAT lifts Sebi's trading ban on six more 'shell' firms

The shares of these six companies are likely to resume normal trading from Monday

The Securities Appellate Tribunal (SAT) extended interim relief to six more companies earlier barred from trading by the markets regulator, Securities and Exchange Board of India (Sebi), for being "suspected shell companies".

These are Parsvnath Developers, Kavit Industries, Kalpana Industries, SQS India, Pincon Spirit and Signet Industries. On Thursday, SAT had provided relief to J Kumar Infra and Prakash Industries. The ground was that Sebi passed its impugned order without investigation. Shares of both J Kumar and Prakash hit the 20 per cent lower circuit in Friday's trade.

Since Monday, trading in 331 companies had been halted after they were