SEBI bans 5 for falsely cornering Pyramid Samira shares
MUMBAI: Market regulator SEBI on Thursday banned 5 persons, who are allegedly involved in the Pyramid Samira case, from buying and selling shares
in capital markets for 3 years after the watchdog found they had cornered employee quota shares of the company by pretending to be on its roles.
Five persons, who allegedly acted in collusion with the Pyramid Samira Theater Limited (PSTL), have also been asked to surrender the money they made by obtaining employee quota shares along with an interest of 20 per cent.
These persons, SEBI order further said, would be banned for seven more years from buying and selling shares if they fail to surrender the “unlawful gains” made by acquiring shares during the initial public offer (IPO) of PSTL which hit the market in December 2006.
source: Economictimes
Tags: hot stocks, nse bse tips, NSE Tips, sebi, stock market
Similar Posts:
Latest Query
- by RAYAN
Market Stats
- Sensex17519.26+0.00[0.00%]
- Nifty5245.90+14.00[+0.27%]
- Dow Jones10779.17+45.50[+0.42%]
- Nasdaq2391.28+2.19[+0.09%]
- Dow Futures10777.00-3.00[-0.03%]
- Nikkei 22510744.03+0.00[0.00%]
- Hang Seng21330.67+0.00[0.00%]
- Straits Times2913.94-5.36[-0.18%]
- Shanghai3046.09+0.00[0.00%]
- FTSE 1005642.62-2.01[-0.04%]
- CAC 403938.18-19.71[-0.50%]
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on December 25th, 2009 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on December 25th, 2009 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
Recent Comments
- nafesa hi cb/kartik my dear i bought ivrcl...In Intraday calls for 18-03-10
- CB Hi mani, yes, some downside is likely ...In Intraday calls for 18-03-10
- suzane amongst the 33 indicator u shown in ch...In Intraday calls for 18-03-10
- deepak Hi CB Yesterday I bought stcindia @...In Intraday calls for 18-03-10
- nithin2009 cb..for the past 2 yrs WINSOME YARNS l...In Intraday calls for 18-03-10
- Sukanta Mallick SELL NIFTY APR5300CE, WHEN NIFTY CASH ...In Intraday calls for 18-03-10
- gaurav HI CB PLZ ADVICE ABOUT INDIAN HOTEL &a...In Intraday calls for 18-03-10
- VBC Hi CB can i buy Ambica Agarbathies &am...In Intraday calls for 18-03-10
- mani do you think some selling pressure wil...In Intraday calls for 18-03-10
- CB Hi mani, yes, it should but for now gl...In Intraday calls for 18-03-10
- CB Hi mani, nifty has rallied quite a bit...In Intraday calls for 18-03-10
- svk hi cb tomorrow target for nmdc...In Intraday calls for 18-03-10
