Market regulator Securities and Exchange Board of India (SEBI) has banned Rajesh Bhatia and his wife Geeta Bhatia, both promoters of Tree House Education and Accessories (THEAL),
SEBI bans Tree House Education promoters from capital market
May 25, 2021
Rajesh Bhatia , promoter of Tree House Education and Accessories - SHASHI ASHIWAL×
Also imposes fine of ₹28 lakh on them for insider trading
SEBI has banned Rajesh Bhatia and his wife Geeta Bhatia, promoters of Tree House Education and Accessories, from accessing stock market for one year and levied a fine of ₹28 lakh for indulging in insider trading during the company s merger with Zee Learn in 2015.
Ahead of Zee Learn merger
In an order passed by SK Mohanty, Whole-time Member, SEBI, said the noticees (Bhatias) have been found to have traded and executed sale of 40 lakh shares of the company on December 3, 2015, just a day prior to the public announcement of the proposed merger of Zee Learn with the company.
Equity indices extended losses and hit fresh intraday low in mid-afternoon trade. Resurgent worries about rising US bond yields hit global shares. The Nifty slipped below the 15,000 mark. All sectoral indices on the NSE were trading in the red.
At 14:28 IST, the barometer index, the S&P BSE Sensex, tumbled 465.99 points or 0.92% at 50,317.20. The Nifty 50 index slumped 169.15 points or 1.12% at 14,911.60.
Selling was broad based. The S&P BSE Mid-Cap index was down 2.2% while the S&P BSE Small-Cap index tumbled 1.79%.
Both these indices added over 5% each in the past four days.
The market breadth was weak. On the BSE, 951 shares rose and 1964 shares fell. A total of 133 shares were unchanged.
Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 4.18 (22.35)
EPS (Rs) 0.01 0.39 9M FY 21 end 9M FY 20 end
Net Bank Borrowings (Rs in cr) 105.75 103.30
Debt Equity Ratio 0.40 0.39
Key Financial Indicators (Consolidated)
Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 2.90 (1.54)
EPS (Rs.) (0.01) 0.45
9M FY 21 end 9M FY 20 end
Net Bank Borrowings (Rs in cr) 305.32 297.25
Debt Equity Ratio (excluding non-controlling interest) 0.81 0.76
Recent Recognitions for Zee Learn: Zee Learn selected as India s Most Admirable Education Brand 2020 by The Brand Story Zee Learn awarded as the Most Desired Brand in Education under the Diversified category, 2020 Zee Learn recognised as the Company of the Year 2020 by The CEO Story magazine in the COVID Special edition