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SEBI bars Austral from raising fund as I-T finds Rs 1000 cr fraud

Posted on: September 1st 2009 in Stock News.

NEW DELHI: Market watchdog SEBI on Tuesday barred metallurgical coke producer Austral Coke from raising any fresh equity after the income tax department unearthed an alleged more than Rs 1,000 crore fraud in the company’s transactions. “… (SEBI) hereby prohibits Austra…

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