SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
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Arihant Capital board oks 3-for-5 bonus issue
MUMBAI |
MUMBAI Aug 2 (Reuters) - Merchant banker Arihant Capital Markets (ARCM.BO) said on Saturday its board has approved a bonus issue of three shares for every five held in the firm.
Also the board has approved stock split from a face value of 10 rupees to a face value of 5 rupees each, it said. (Reporting by Ketan Bondre; Editing by Sunil Nair)
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