Brightcom Group shares dive 14% in 3 days as NSE's 'trading suspension' sword hangs; see analyst views businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Brightcom Group share price: On Brightcom's part, there have been delays in terms of financial reporting, annual general meeting (AGM) scheduling and C-suite level appointments. It was also under Securities and Exchange Board of India's (Sebi's) watch over preferential issue of shares and warrants.
Brightcom Group has been removed from Nifty Microcap 250 index, Nifty Total Market index and Nifty 500 Value 50 index. Ujjivan Financial Services was excluded from the Nifty Microcap 250 and Total Market index
SEBI had issued an interim order on August 22, 2023, and on February 28, the markets regulator issued a confirmatory order, confirming the directions it gave for 20 of the 25 noticees in the Brightcom Group case.