Shell companies: SAT to hear pleas of 2 more firms on Thursday
The Securities Appellate Tribunal (SAT) will on Thursday hear pleas by Hit Kit Global Solutions and Sanco Industries against trading restrictions imposed on their shares by exchanges on Sebi directions.
Aug 16, 2017, 18:37 PM IST
JKumar Infra, Prakash Ind shares tank up to 20%
Shares of JKumar Infraprojects and Prakash Industries resumed trading on Friday, crashing by up to 20 percent to hit lowest trading permissible limit for the day, after SAT stayed trading restriction imposed on them.
Aug 11, 2017, 12:31 PM IST
Trading in JKumar Infra, Prakash Industries to resume tomorrow
The move comes after the Securities Appellate Tribunal (SAT) on Thursday stayed trading restrictions imposed on these companies, which figured a list of 331 "suspected shell companies" referred by the government to Sebi.
Aug 10, 2017, 20:23 PM IST
SAT stays trading restrictions on JKumar, Prakash Industries
The Securities Appellate Tribunal on Thursday stayed trading restrictions imposed on JKumar Infraprojects and Prakash Industries, which are among the 331 suspected shell companies identified by the government, saying Sebi passed the order without carrying out any probe.
Aug 10, 2017, 19:11 PM IST
