SEBI directions w.r.t. listed Shell Companies – Update on Visesh Infotecnics Ltd.

capital market | Mumbai | January 10, 2018 21:18 IST

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Sub: SEBI directions w.r.t. listed Shell Companies – Update on Visesh Infotecnics Ltd.

 

This is w.r.t. Exchange Notice no. 20170807-31 dated August 07, 2017 w.r.t. the company viz. Visesh Infotecnics Ltd. (Scrip Code – 532411).

 

In pursuance of the NSE Circular ref. no.:- 14/2018 (Download ref. no: - NSE/SURV/36725) dated January 10, 2018, following actions are initiated: -

 

        i.      The trading in securities of Visesh Infotecnics Ltd. shall be reverted to the status as it’s stood prior to issuance of SEBI letter dated August 07, 2017 effective from January 11, 2018 as under:-

 

Sr. no.

Scrip Code

Scrip Name

Group

Price Band

1.

532411

Visesh Infotecnics Ltd.

T

2%

 

      ii.      The promoters and directors in Visesh Infotecnics Ltd. are permitted only to buy the securities of Visesh Infotecnics Ltd. The shares held by the promoters and directors in Visesh Infotecnics Ltd. shall not be allowed to be transferred for sale, by depositories.

 

    iii.      The other actions envisaged in SEBI’s letter dated August 07, 2017 in paragraph 1(d), as may be applicable, and the consequential action taken by the Exchange shall continue to have effect against Visesh Infotecnics Ltd.

 

All market participants are requested to take note of the above.

 

 

For & On behalf of BSE Ltd.

 

 

 

 

Usha Sharma                                                                                     Rajesh Gandhi

Addl. General Manager                                                                   Asst. General Manager

Surveillance                                                                                       Surveillance

 

January 10, 2018

 

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