Interim order by SEBI on irregularities in Brightcom’s preferential allotments
SEBI had received complaints dated October 6, 2022 and May 12, 2023 in respect of the preferential allotments made by Brightcom Group (BGL) during FY 20 and FY 21. Such issues totalled Rs 867.78 cr. Complaints were related to – Related party allotments; Siphoning off of the money raised; and Improper disclosures on utilisation of … Read more