Pyramid Saimira Case Rolls On
Sucheta Dalal 09 Dec 2014

How SEBI went soft on market manipulators of the Pyramid Saimira shares, while its actions destroyed the company

 

Sucheta Dalal

 

On 26th November, the Securities & Exchange Board of India (SEBI) announced an e-auction of the property of the controversial PS Saminathan, promoter of Pyramid Saimira Theatres Limited (PSTL), a publicly listed company.

 

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