Entertainment firm Pyramid Saimira Theatre on Wednesday nosedived nearly ten per cent to hit the lower circuit on the Bombay Stock Exchange BSE .
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Pyramid Saimira dips 10% on Bombay Stock Exchange (BSE)
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Journalist Rajesh Unnikrishnan among 230 barred by SEBI for ‘forgery' to rig stock
Shares of Pyramid Saimira have locked at 5% lower circuit to Rs17.4 after market regulator ordered promoters of the company, Nirmal N. Kotecha, Rakesh Sharma, Rajesh Unnikrishnan and Pratheesh Kumar V.K. not to buy, sell or deal in the securities market including IPOs, in any manner, either directly or indirectly, till further directions.
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SEBI should ban Pyramid Saimira Promoter Nirmal Kotecha from trading completely
SEBI has barred 230 persons and entities of Pyramid Saimira from capital market transactions. It also barred PS Saminathan, CEO of the company from trading. SEBI has done a great job. But Pyramid Saimira is not an important stock so that might be brushed away. The market regulator should ban Nirmal Kotecha from trading completely.
Read more »India's Pyramid Saimira says letter not from SEBI
Pyramid Saimira Theatre Ltd (PYSA.BO) said on Tuesday a letter purporting to come from the Securities and Exchange Board of India (SEBI), directing its top executive to make an open offer for more of its shares, had not come from the stock market regulator.
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