A SEBI crackdown has revealed that Bharat Global Developers Ltd used every trick in the book to drive up its share price so its preferential stockholders could make a killing. What remains unexplained though is the little-known firm’s dealings with Reliance.
Furquan MoharkanSubscribe to read this story
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Some research analysts have announced a closure of operations, fearing higher compliance costs. But it may be too soon to take such a call.
SEBI’s clampdown on Bharat Global Developers Ltd has laid bare the dubious ways in which some stock market operators make money at the expense of unsuspecting public investors of little-known companies.
The region’s growing demand for carbonated beverages and the presence of a large Indian diaspora present an opportunity for the Mukesh Ambani-led conglomerate to up its FMCG game through the iconic brand.