US$125mn Vanishes into Thin Air; SEBI Bans Directors of Geodesic, Former Owners of Chandamama from Market forr 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