The ban on one individual Kundan Singh Bisht has been lifted and the total estimated amount of illegal gains through the alleged manipulation has been revised to Rs 38.61 crore.
If the investigation is not finished by then and a showcause notice is not issued within the time prescribed, then the appellants (Warsi and others) will be permitted to trade in Sadha’s scrip and withdraw an amount held in an escrow account, SAT said
The Board of Directors of Sadhna Broadcast Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.
The Securities Appellate Tribunal (SAT) will hear the challenge by Bollywood actor Arshad Warsi against a Securities and Exchange Board of India (SEBI) order barring him and his wife from the securities market for allegedly manipulating the share price of Sadhna Broadcast.
Don’t let over centralization and stock manipulation, for which Adani’s and pump-and-dump scrips are under a scanner, endanger the efficiency with which India’s economy must emerge.