SEBI bans group of investors from trading in GHCL stock

As a part of SEBI’s surveillance function, price and volume movement of the shares traded at BSE and NSE are being monitored under Integrated Market Surveillance System (IMSS). Based on certain pre-decided parameters built in the IMS System, an alert for the trades in the scrip of GHCL Ltd. ("GHCL") was generated. A preliminary examination of the alert and the trading activities in the scrip of GHCL revealed certain abnormal dealings in the shares of GHCL by entities related to the promoter group which warrants emergency measures to protect the interest of the investors. SEBI has banned a group of investors from trading in the company stock through the findings.

The following entities of Jalco group and its associate entities viz:
1 Antarctica Investment Private Ltd
2 Carissa Investment Pvt. Limited
3 Comosum Investment Pvt. Ltd.
4 Darpan Garden Exports Private Ltd
5 Jalco Financial Service Pvt. Ltd
6 Pathik Merchandise Pvt. Ltd.
7 Wilful Finance And Investment Co Pvt. Ltd
8 Grotto Pharmaceuticals Pvt. Ltd.
9 Rajshree Tobacco Co. Pvt. Ltd.
10 Altar Investment Private Limited
11 ILAC Investment Private Limited
12 Dalmia Housing Finance Limited
13 Shape N Style India (P) Ltd.
14 Sofed Retailer Pvt. Ltd

shall not buy, sell or deal in shares of GHCL., directly or indirectly;

b) the following directors of Jalco group viz.
1 Alok Kumar Srivastva
2 Bhairav Dutt Naliwal
3 Sanjay Jalan
4 Pradeep Kumar
5 Balbeer Singh
6 Manohar Ram
7 Vinay Kumar Mehta
8 Rajesh Kumar
9 Suruj Gurung

shall not buy, sell or deal in shares of GHCL., directly or indirectly;
the Depositories shall not give effect to any transfer of shares of GHCL lying in the beneficial owner accounts of above entities;

All the above directions shall take effect immediately and shall be in force until further orders. The aforesaid persons if aggrieved by this Order may file their written objections, if any, within 15 days from receipt of this order.

Source : Equity Bulls

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