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Legal▼ Bearish for Omaxe

SEBI bars Omaxe and five others from markets over public-shareholding violations

3 sources · first seen 18:16 25 Sept · updated 20:35 25 Sept

The brief

Written from 3 reports · check the source before you trade
  • SEBI barred Omaxe, promoters and group entities from market access for up to one year
  • SEBI imposed fines of ₹1.92 crore over minimum public shareholding violations
  • The market-access ban and fines add regulatory risk for Omaxe investors

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Read the reports

3 reports · earliest 18:16
CNBC-TV18SEBI bans Omaxe, 5 others for violating minimum public shareholding norms18:16MoneycontrolSEBI finds Omaxe, promoter-linked entities breached MPS norms through 2013 OFS, imposes restraint and...18:26Economic TimesSebi bans Omaxe, 5 others for violating minimum public shareholding norms20:35