Financial Daily from THE HINDU group of publications
Wednesday, Oct 02, 2002
Financial Daily from THE HINDU group of publications Wednesday, Oct 02, 2002 |
|
|
|
|
|
Markets
-
Investor Grievances IGF seeks action against SHCIL Our Bureau
MUMBAI, Oct. 1 THE Investors' Grievances Forum on Monday said that it welcomes the Securities and Exchange Board of India's action in the Bank of Madura and ICICI Bank merger case. According to a release issued by the IGF, the forum has demanded that SEBI take action against the Stock Holding Corporation of India Ltd (SHCIL). The release further added that IGF had produced information and documents regarding the nexus in both the cases, but SEBI and RBI had given these cases a clean chit. Now it was proved that both the regulators were totally wrong, it said. Further, according to the release, SEBI had accepted the "nexus of a promoter of DSQ, Mr Dalmia, broker Biyani and SHCIL's Managing Director, Mr Gaud". While action has been taken against brokers, no action had yet been taken against SHCIL, its management and the DSQ promoter.
Send this article to Friends by
E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|