 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Prakash Industries, Parsvanath Developers and J Kumar Infraprojects are among 331 companies that the market regulator banned trading, have rallied by up to 208% during the current calendar year 2017 (CY17).
The Securities and Exchange Board of India (Sebi) has directed stock exchanges to initiate action against 331 firms that it suspects are shell companies and are listed on the bourses.
Trading in all such listed securities, Sebi said, shall be placed in Stage VI of the Graded Surveillance Measure (GSM) with immediate effect. If any listed company out of the said list is already identified under any
The Securities and Exchange Board of India (Sebi) has directed stock exchanges to initiate action against 331 firms that it suspects are shell companies and are listed on the bourses.
Trading in all such listed securities, Sebi said, shall be placed in Stage VI of the Graded Surveillance Measure (GSM) with immediate effect. If any listed company out of the said list is already identified under any
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