Financial Daily from THE HINDU group of publications
Thursday, May 16, 2002
Financial Daily from THE HINDU group of publications Thursday, May 16, 2002 |
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Markets
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Stock Markets Money & Banking - Govt Bonds `Home Trade issue won't hurt stocks' Our Bureau
Mr Sanjay Agarwal, promoter and CEO of Home Trade, being escorted out of Dadar Railway Station by CID officials in Mumbai for investigation.
NEW DELHI, May 15 EVEN as a separate investigation has been initiated against Home Trade Ltd, the Securities and Exchange Board of India (SEBI) today maintained that the "Home Trade issue'' would not adversely impair the functioning of the capital markets in the country. "The Home Trade issue is directly not about capital market securities (equities). It will not shake the markets. Investigations have been initiated on this matter'', Mr G. N.Bajpai, Chairman, SEBI, told reporters here on the sidelines of a meeting that discussed the role of a regulatory body in improving corporate governance. The capital markets regulator had on Tuesday extended the period of its Section 11/11B order against Home Trade till completion of investigation and action thereon or one year.
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