SEBI bars two from capital market
Mumbai: The Securities and Exchange Board of India (SEBI) barred Hari Narayan Bajaj and Rahul Bajaj (not that of Bajaj Auto) from the capital market for five years for "manipulating the share price" of Amara Raja Batteries. According to a SEBI release, the regulator's investigations into allegations of "irregularities in buying, selling and dealing in the scrip of Amara Raja Batteries Ltd" by the two Bajajs found them guilty of "violating provisions of SEBI Regulations and directed them to dissociate from the capital market for a period of five years and dealing in the securities market for 10 years."
Back to News Review index page