The Securities and Exchange Board of India (SEBI) Chairman, C B Bhave on Thursday approved the concept of anchor investor (AI). The new entity will be allowed to take part in the public offers to give the required boost to the primary market. During the board meet, it was also decided th…
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Sebi imposes Rs 17.5 lakh fine on Delhi broker
Posted on: May 28th 2009 in Press Releases.
Market regulator SEBI on Wednesday imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and Tata Consultancy S in the future and options market. However, SEBI said no quantifiable figures wer…
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