[ad_1]
The Securities and Trade Board of India (Sebi) on Monday requested Ruchi Soya Industries to offer the choice to traders within the follow-on public supply (FPO) to withdraw their bids attributable to “circulation of unsolicited SMSs promoting the problem”.
In a directive to the funding bankers to the problem, Sebi has stated prima-facie the contents of the unsolicited SMS seem like “deceptive/fraudulent” and “not in consonance” with Sebi rules. The window for withdrawal will likely be out there on March 28-30.
In keeping with the discover by the markets watchdog, an SMS is to be despatched to all of the candidates of the acquired bids, informing them of the extra window of withdrawal.
[ad_2]
Source link
ADVERTISEMENT
