Market regulator Securities and Exchange Board of India (SEBI) has confirmed a ban on Keynote Capital from issuing research recommendations on listed companies in the Pyramid Saimira case till investigation ends. The board’s interim order on April 23 had banned Keynote from trading on account of allegedly valuating Pyramid shares exorbitantly.
Recently, the SEBI had also denied to revoke its interim directions against PS Saminathan who was barred from trading in the Pyramid Saimira case on account of forgery last year. Saminathan, the then CEO of the company and one of Nirmal Kotecha’s associates, had allegedly made misleading public announcements to create interest in Pyramid Saimira’s scrip. Source: http://www.moneycontrol.com/news/business/sebi-confirms-bankeynote-cappyramid-saimira-case_468451.html -- Thanks & Regards, Abhishek Kothari -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
