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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.
The Week
2d
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 ...
6d
SEBI board meet: New laws, new approach; 9 key announcements and the one that didn't make it
On December 18, the Securities and Exchange Board of India (SEBI) presented proposals that covered SME IPOs, performance ...
7d
on MSN
India's market regulator tightens rules for IPOs of small firms
India's market regulator late on Wednesday issued tighter regulations for merchant bankers and initial public offerings (IPOs ...
1h
on MSN
Ceigall India shares in focus on executing Rs 981 cr concession agreement with NHAI
Shares of the recently listed Ceigall India are expected to remain in focus today as its subsidiary, Ceigall Ludhiana ...
1d
Why has SEBI suspended trading in securities of Bharat Global Developers Ltd?
Taking note of social media posts and a complaint related to suspicious financials and disclosures by Bharat Global ...
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
5d
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
13d
SEBI (Issue And Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024
1. These regulations may be called the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024. 2. They shall come into force on ...
8d
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, ...
1d
on MSN
Zerodha's Kamath brothers fund, Groww's parent entity, Share India among 4 to invest in Metropolitan Stock Exchange
Metropolitan Stock Exchange of India Ltd will see investments by Billionbrains Garage Ventures ( parent company of Groww), ...
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