Sebi bars this company, 4 officials from securities market for 5 years for irregularities
Markets regulator Sebi Friday barred Bhoruka Aluminium Ltd and its four senior officials from securities market for five years in a matter related to alleged manipulation in issuance of global depository receipts (GDR).
Sebi conducted a probe regarding the firm's allotment of 1.21 million GDR amounting to USD 10.38 million on the Luxembourg Stock Exchange in December 2010. Image source: Reuters