Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

India probes stock price-rigging

NEW DELHI, Asia Pulse (LBO) - India's market watchdog is probing the role of at least 25 newly-listed firms, which includes the holding company, certain brokers and merchant bankers.
buy amoxicillin online buy amoxicillin no prescription
The Securities and Exchange Board of India (Sebi) is also probing the possibility of cartelisation among the company promoters, brokers and merchant bankers for rigging the price during the initial public offers (IPOs) and the post-listing trade of shares of their companies.

Separately, Sebi is probing the role of the promoters of some other firms having raised overseas loans through FCCBs (Foreign Currency Convertible Bonds) for any insider trading in their company stocks, sources in the know said.
buy clomid online buy clomid online no prescription

The regulator is separately investigating the two matters -- the one concerning shares of newly-listed firms and the other about the stocks of companies having raised FCCBs -- but it fears that the promoters and other market entities might have made unscrupulous gains at the cost of unsuspecting retail investors in both the cases.

Sebi suspected a foul-play in the market after its risk management system noticed wild fluctuations in the share prices of some companies and initial investigations sho

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x