Thursday, September 15, 2011

SEBI ALLEGES MCX- SX CONCEALED DILUTING EQUITY

The Securities & Exchange Board of India (SEBI) alleged in the Bombay High Court that MCX-SX
Stock Exchange (MCX- SX) had concealed some facts while diluting its equity stake under the Capital Reduction cum arrangement. The court observed that it was obligatory on the part of MCX - SX to disclose the buy- back to SEBI and that such negligence could not be tolerated.

0 comments:

Post a comment