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
The CMD's focus on raising employee morale and cutting costs is paying off. The airline's operating losses have shrunk and earnings are looking up
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.
It has aircraft utilisation target of 16 hours as against the current 13 hours.
It may not have a bold design but it addresses the needs for comfortable and affordable commuting.
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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.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
To reduce those not even meeting variable costs to 19% of network by March, from 38% five months ago.
Two weeks ahead of October 1 deadline, Sebi likely to relax certain conditions.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
Barra says GM is working on putting out the right products here because it will be difficult to make a mark globally without India.
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