AgenciesSebi has directed the company to place its interim order before its board of directors within seven days.
The regulator has also restrained the company's chief financial officer Narayan Raju from holding director posts in any listed company.
"The prima facie observations and findings..clearly show the manipulations carried out by BGL (Brightcom Group) and other noticees, in respect of BGL's preferential allotments, which inter alia involve fictitious receipts of share application money from allottees and siphoning of funds from BGL," Sebi's whole-time member Ashwani Bhatia said in his order on Tuesday.
Tuesday, 22 Aug, 2023- Front Page
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Markdown Detour Slows Fresh Funds Delivery to DunzoA disagreement among shareholders on the extent of reduction in Dunzo’s valuation is proving to be a roadblock in new financing for the troubled quick commerce startup.
APG, IFC & AIIB in Race to Put $250m into Mahindra InvITDutch pension fund APG Asset Management, the World Bank’s investment arm International Finance Corp (IFC) and Asian Infrastructure Investment Bank (AIIB) are in a race to invest up to $250 million (₹2,080 crore) in Mahindra Susten’s renewable infrastructure investment trust (InvIT), said two people aware of the development.
Power Demand Hits Record Highs in AugIndia’s electricity demand rose to an all-time high last week owing to sultry weather and a jump in requirement for irrigation as some regions saw lower monsoon rainfall.
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