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Vadra launched Skylight Hospitality four months after the DLF shares got listed, amid complaints of inadequate disclosure from investor associations and former business partner Kimsuk Krishna Sinha.
The promoters, instead, raised it to 63.15 per cent, while reporting they'd brought it down to 28.6 per cent.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
As the bull-run in Dalal Street gathers pace, people keen on riding it are looking to arm themselves with new tools and techniques.
Many from this small lender have made it to other bank boards over the past 5 years
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
The fund house says it is doing this to protect the interests of existing investors.
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The stock jumped significantly on listing.
Godfrey Phillips, controlled by his father K K Modi, paid Rs 1.7 crore despite him not attending a single board meet
RIL says Sebi has not asked for revision of offer price, expecting clearance soon.
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
Two weeks ahead of October 1 deadline, Sebi likely to relax certain conditions.
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
As smartphones penetrate through the country, apps are getting more and more localised, democratised.
Three IPO documents were recorded after the new govt took charge - Adlabs, Lavasa Corp and Monte Carlo Fashions.
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
Bull markets need a a charismatic leader and a fancy destination.
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