Diabytes
JKumar Infraprojects News
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The Securities Appellate Tribunal (SAT) will on Thursday hear pleas by Hit Kit Global Solutions and Sanco Industries against trading restrictions imposed on their shares by exchanges on Sebi directions.
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Shares of JKumar Infraprojects and Prakash Industries resumed trading on Friday, crashing by up to 20 percent to hit lowest trading permissible limit for the day, after SAT stayed trading restriction imposed on them.
The move comes after the Securities Appellate Tribunal (SAT) on Thursday stayed trading restrictions imposed on these companies, which figured a list of 331 "suspected shell companies" referred by the government to Sebi.
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The Securities Appellate Tribunal on Thursday stayed trading restrictions imposed on JKumar Infraprojects and Prakash Industries, which are among the 331 suspected shell companies identified by the government, saying Sebi passed the order without carrying out any probe.
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