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Sebi halts trading in Bharat Global in rare such action
December 24, 2024
|Mint Kolkata
BGDL's share price surged 105x over the past year, rising from ₹16.14 in Nov 2023 to ₹1,702.95 in Nov 2024
The market regulator has suspended trading in Bharat Global Developers Ltd's (BGDL) shares until further notice over allegations of fraudulent activities and false disclosures in a rare such action.
The suspension, effective immediately, follows a probe that found significant irregularities in the company's financials and operations.
The Securities and Exchange Board of India (Sebi) had received a complaint on 16 December, alongside posts on social media, about BGDL's financial disclosures.
BSE-listed BGDL saw its share price skyrocket 105 times over the past year, from ₹16.14 in November 2023 to ₹1,702.95 by November 2024, raising concerns of potential market manipulation.
هذه القصة من طبعة December 24, 2024 من Mint Kolkata.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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