Capital market regulator Sebi has confirmed the restrictions it had imposed on Khoday India for not meeting with the minimum public shareholding norms.
Capital market regulator Sebi has confirmed the restrictions it had imposed on Khoday India for not meeting with the minimum public shareholding norms.
The Securities and Exchange Board of India (Sebi) in June last year, had imposed various curbs on over 100 firms, including Khoday India, its promoters and directors for not achieving the minimum 25 percent public holding within the June 3 deadline.
Also read: Khoday India consolidated Mar '14 sales at Rs 65.02 crore
The regulator had frozen the voting rights and corporate benefits of promoters/directors of these companies and barred them from holding any new position on boards of listed firms, among others.
It had also warned of further actions including levy of monetary penalties, initiation of criminal proceedings and restricting the trading activities of related stocks.
"...hereby confirm the directions issued vide the interim order dated June 4, 2013 against the company, Khoday India Ltd, its directors, promoters and promoter group," the market regulator said in a order dated July 24.
Consequently, Sebi said that it "may also initiate other action, as appropriate in law, against the company, its directors and promoters"
The watchdog noted that even after passing of the June 4, 2013 order, "the company has not taken any steps to comply with the minimum public shareholding requirement".
The order said that the shareholding of public investors in the company stood at 10.46 percent at the quarter ended March 31, 2014.
It observed that the company "has not complied with the minimum public shareholding requirements till date... and such non-compliance being continuous in nature, it becomes necessary for Sebi, for proper regulation of the securities market, to confirm the directions issued against the Company, its directors and promoters/promoter group".
Khoday India stock price
On July 28, 2014, Khoday India closed at Rs 61.80, down Rs 0.7, or 1.12 percent. The 52-week high of the share was Rs 73.00 and the 52-week low was Rs 39.30.
The company's trailing 12-month (TTM) EPS was at Rs 0.91 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 67.91. The latest book value of the company is Rs 23.59 per share. At current value, the price-to-book value of the company is 2.62.
Anda sedang membaca artikel tentang
Sebi confirms curbs on Khoday India
Dengan url
http://gayafashionshow.blogspot.com/2014/07/sebi-confirms-curbs-on-khoday-india.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sebi confirms curbs on Khoday India
namun jangan lupa untuk meletakkan link
Sebi confirms curbs on Khoday India
sebagai sumbernya
0 komentar:
Posting Komentar