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India Puts Brakes on a 10,000% Stock Rally
This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?
India’s securities market regulator on Monday suspended trading in shares of Bharat Global Developers Ltd., the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures.
India regulators puncture a 10,000% stock rally
India’s securities market regulator on Monday suspended trading in shares of Bharat Global Developers Ltd, the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures.
10,000% stock rally ends with Sebi suspension over false disclosures
BSE has suspended trading in Bharat Global Developers after a Sebi investigation revealed a pump-and-dump scam, leading to a 10,000% rise in its stock price. Sebi has barred several entities involved and accused the company of making false disclosures to boost stock prices.
Stock rallies over 10,000%: Sebi suspends trading in Bharat Global Developers
Sebi said examination of complaints and reports in respect of BGDL revealed that the company had five promoters holding 93,860 shares comprising 16.77 per cent of total shareholding till June 2020.
cnbctv18
2h
Too early to assess full impact of SEBI F&O rules, says BSE CEO
Sundararaman Ramamurthy, the Managing Director and CEO of BSE stated that while there has been a drop in notional volumes as expected, it is too early to assess the full impact since some rules are ...
ndtvprofit
9h
Metropolitan Stock Exchange Gains Attention — All You Need To Know
The Metropolitan Stock Exchange of India Ltd., also known as MSEI, is raising Rs 238 crore through a fresh equity issuance ...
The Week
3d
Why did SEBI freeze ‘illegal profits’ of Rs 271 crore and suspend trading of Bharat Global Developers Ltd? Here is what happened
Fake deal announcements, share price manipulation, non-existent subsidiaries: shocking details emerge after Securities and ...
6h
on MSN
Jaipur-based Mangal Electrical Industries files DRHP of Rs 450 crore for IPO
Mangal Electrical Industries has filed its draft red herring prospectus with SEBI to raise Rs 450 crore through an IPO. The ...
7d
on MSN
India extends halt on futures trading in key farm commodities until January
India extended the suspension of trading in derivative contracts for key farm commodities until January, as the world's ...
MediaNama
6d
Regulated entities fully responsible for data privacy in case of AI usage: SEBI
The Securities and Exchange Board of India (SEBI) has placed the responsibility of AI usage by regulated entities on the ...
Tax Guru
1d
SEBI – Pre-Placement Memorandums (PPMs) and Alternative Investment Fund
SEBI – Pre-Placement Memorandums (PPMs) and Alternative Investment Fund [1] ...
2h
Upcoming IPO: Ashish Kacholia-backed Sri Lotus Developers and Realty files DRHP with SEBI to raise ₹792 crore via IPO
Mumbai-based realty firm, Sri Lotus Developers and Realty filed its initial draft papers with SEBI on December 26. The ...
9d
India Weighs Easing Regulations for Alternative Investment Funds
India’s market regulator may relax some of the regulations governing the $53 billion alternative investment funds sector, ...
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