Sebi allows trading in Bharat Global Developers shares with conditions

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The story "Sebi allows trading in Bharat Global Developers shares with conditions" was covered 6 days ago by Business Standard, a news publisher based in India.

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Sebi allows trading in Bharat Global Developers shares with conditions - Business Standard

Quick Summary:

With an aim to protect the interests of investors, markets regulator Sebi on Wednesday allowed trading in the shares of Bharat Global Developers Ltd (BGDL) with the condition to disclose key financial numbers including sales, purchases and profit for the financial year 2024-25 before April 15.

In its confirmatory order on Wednesday, Sebi directed BGDL to disclose key financial numbers including sales, purchases, profit and net worth for the financial year 2024-25 to the exchange before April 15.

Sebi, through an interim order in December, suspended trading in Bharat Global Developers for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices.