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Friday, Dec 13, 2002

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Grasim: SEBI probe to be over in 2 months

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NEW DELHI, Dec. 12

THE Securities and Exchange Board of India (SEBI) hopes to complete within the next two months its investigation into the alleged violation of takeover code by A.V. Birla Group company, Grasim Industries Ltd while buying the shares of Larsen & Toubro Ltd (L&T).

``We will complete the investigation very quickly. I hope, it will be done within a couple of months,'' the SEBI Chairman Mr G.N. Bajpai, said. He was addressing newspersons on the sidelines of a MoU signing ceremony here today.

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