Sebi drops case against individual in Bank of Rajasthan case
Mumbai, Feb 21 2013, 17:53 IST
into the affairs of BoR for a period between June 2007 and December 2009. Later, BoR was acquired by ICICI Bank.
During the period, it was found that the shareholding of the promoters of BoR led by Pravin Kumar Tayal with their PACs had increased from 46.80 per cent in June 2007 to 63.15 per cent in December 2009.
The bank's promoters along with their PACs had increased their shareholdings by way of acquiring shares from the market.
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