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SEBI bars 19 entities from dealing in the securities market


The Securities and Exchange Board of India (SEBI), has finally taken a decision on the sharp fall in shares of select stocks and has barred 19 entities from trading in the securities market. It maybe recalled that shares of Parsvnath Developers , Tulip Telecom and Pipavav Defence had plunged on July 26, 2012 in an abnormal manner.


Marketmen had suggested that margin calls may have been triggered in the stock, however, an initial investignation has resulted in SEBI banning 4a Financials Securities, A To Z Steels, Ajit Kumar Jain, Cheminare Trade Comm, G N Credits, Gajria Jayna Precision Industries, Kuvam Plast, Littlestar Vanijya, Manish Agarwal and Milestone Shares & Stock Broking from the Securities market.

The others among the 19 barred entities include Neelanchal Mercantile, North Eastern Publishing & Advertising Co, Passions System Solution, Premium Hospitality Services, Ramkripa Securities, Umang Nemani, Venus Infosoft, White Horse Trading Co and Yashika Holding Pvt Ltd.

Read more about: sebi
Story first published: Saturday, August 4, 2012, 11:17 [IST]
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