The Indian Express
The Financial Express
Latest News
EIW
Market Indicators
Screen
Celebrity Chat
Express Computers
Express Power
Letters
Advertisers Forum
Express Careers
Business Forum
Match Maker
Express Properties
Palki - Travel & Tours
Information Technology
Astrosurf
Eco-India
Dr Know
Morning Digest
Express Greeting
Graffiti
Crossword
Drumbeat: Ad Buzzaar
|
| |
Monday, September 21, 1998
Appellate panel hearing on Raasi investor plea
AGENCIES
MUMBAI, Sept 20: The finance ministry's appellate authority has granted a hearing on September 24 on an appeal questioning Sebi's decision to allow a group of persons acting in concert to float an open offer when it is being investigated for contravention of the takeover code. The authority granted the hearing following an appeal made by a Hyderabad-based Raasi shareholder, M Z Khan on September 14. He has pointed out that a particular group of persons, acting in concert, were allowed by Sebi on September 4 to proceed with their public offer to acquire 20 per cent equity stake in Sri Vishnu Cements despite having itself initiated investigations. on wether was in contravention of the takeover code. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
Top
|
|
|
Printer-friendly page |
|
