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SEBI Cracks Down On Omaxe And Promoter-Linked Entities, Market Ban Follows Minimum Public Shareholding Breach

SEBI Cracks Down On Omaxe And Promoter-Linked Entities, Market Ban Follows Minimum Public Shareholding Breach
Photo: Free Press Journal · view original

Mumbai: The Securities and Exchange Board of India (SEBI) has barred Omaxe Ltd and several promoter-linked entities from the securities market after finding that funds connected to the real estate company were used to buy its shares during 2013 offer-for-sale transactions. In its order, SEBI said...

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