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.
An alternative way is to make the Asba (Applications supported by blocked amount) facility compulsory for retail investors.
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.
They have put in $14 billion so far in 2014 but this could get slower if the US Fed raises rates; however, there are expectations on compensatory flows.
Two weeks ahead of October 1 deadline, Sebi likely to relax certain conditions.
Move aimed at avoiding crowding of public issues during the Centre's mega disinvestments in coming months.
The new iPhone siblings will be available in India about a week before Diwali, the country's biggest festival.
Buoyed by the success of secondary market, IPO market set to see high action
Price correction over post-election peaks could throw disinvestment calculations awry.
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
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