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Mumbai , March 17

SEBI has reiterated its earlier order against 58 entities prohibiting them in dealing with the securities of Kolar Biotech (KBL), Soundcraft Industries Ltd (SIL) and Adam Comsof (ACL).

In September 2004, SEBI had restrained 58 entities from dealing in the securities of KBL, SIL and ACL till investigations are complete.

The 58 entities against whom the interim orders were issued, were either promoters, or directors or major shareholders of KBL, SIL and ACL who were major sellers in the scrip.

In its latest order market regulator has restrained these 58 entities from buying, selling or dealing in any manner the shares of KBL, SIL and ACL.

SEBI has prohibited them from buying, selling or transferring, pledging or disposing off or deal in any other manner the shares of these companies, directly or indirectly, until further orders, a statement issued by SEBI said on Thursday.

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