Sebi files cases against 3 firms
Sebi has launched prosecution against three companies having their registered offices in Ahmedabad and Vadodara, and their directors on account of failure to take any satisfactory action on the regulators advice several times to redress shareholder grievances.

Lanco Infratech plans initial offering
Lanco Infratech Ltd (LIL) is to tap the market via initial public offer. Lead managed by Aryaman Financial Services (AFS), the co has planned to make a fresh public issue of 25.75 lakh equity shares of Rs 10 each for cash at a premium of Rs 45 per share aggregating to Rs 14.16 core.