Sebi directs Ecogreen not to raise money from public
Cracking down on a fraudulent realty investment scheme, Sebi has barred Ecogreen Real Estate, its directors and promoters from mobilising funds from the public as well as from launch any new scheme. A preliminary probe by Sebi found that the UP-based company was inviting applications to book plots of residential/commercial land under 'Land-Linked One Time Payment Plan' scheme.
Reliance MediaWorks exit price set at R61/share
The exit price for the delisting of Reliance MediaWorks has been fixed at R61 a share at a premium of 25.39% over the floor price. In a filing to the BSE, promoters of Reliance MediaWorks (RML) Reliance Land and Reliance Capital said the public shareholders of the company were invited to submit bids pursuant to a reverse book-building process and arrived at the exit price.
Sebi mulls pension fund for employees
Sebi is mulling the feasibility of a pension or superannuation fund for its employees as part of efforts to retain talent by providing long-term benefits to the staff. The proposal has been discussed by Sebis Committee on Rationalisation of Financial Resources, which favours setting up such a fund, sources said.