Sucheta Dalal :Unquoted: Lime Chemicals
Sucheta Dalal

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Unquoted: Lime Chemicals  

January 20, 2014

Stories of price manipulation


Moneylife Digital Team


Lime Chemicals Ltd manufactures calcium carbonate, a raw material for several industries. It failed to disclose its shareholding pattern as per the listing agreement of the BSE in June 2011. Interestingly, the company was declared ‘sick’ by an order from the Board for Industrial and Financial Reconstruction, way back in 2010, and Bank of Baroda had been appointed to revive the company. But nothing has happened so far; the company continues to incur losses. Over the ...


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-- Sucheta Dalal