Pref allotments, bonus and IPO: Sebi bans 239 players for misuse of SME trading platform
SEBI had noticed huge rise in the traded volumes and prices of Eco Friendly Food Processing Park,Esteem Bio Organic Food Processing,Channel Nine Entertainment and HPC Biosciences.
Jun 30, 2015 07:06 IST India Infoline News Service

A report says that SEBI had noticed huge rise in the traded volumes and prices of Eco Friendly Food Processing Park,Esteem Bio Organic Food Processing,Channel Nine Entertainment and HPC Biosciences.
These companies were listed on the SME segment of BSE during January 2013 to March 2013, says report.
During this period, the four companies raised funds through series of preferential allotments.
Consequent to the preferential allotments and bonus issues,the share capital of these companies increased manifold.