US$125mn Vanishes Into Thin Air; SEBI Bans directors of Geodesic, Former Owners of Chandamama From Market For a Year
Securities and Exchange Board of India (SEBI) has banned the directors of Geodesic Ltd and former owners of the Chandamama magazine from the securities market for a year for siphoning off $125 million raised through foreign currency convertible bonds (FCCBs).
Source: moneylife.in