The Securities and Exchange Board of India (Sebi) has asked the promoter group comprising 16 entities of Atlanta Ltd, and entities/persons associated with them (14 entities) not to deal in the stock of the company.
Sebi stated that the decision to this effect has been taken in the view of the fact that the company, its promoters and entities connected with them have abused the stock exchange mechanism, the listing agreement and regulations related to preferential issue of security to unfairly maximise their wealth at the cost of the lay investor.
Read the full story in Financial Express.
