Hyderabad-based company leaves out crucial details on promoter holding with zero consequences so far
The tale of Brightcom, its promoters and India's capital markets regulator is a story in three acts. One that reflects poorly on all involved.
What would you expect when a promoter group sells 90% of its stock in a company that has seen its share price rise very quickly and is currently under investigation by the securities regulator?
At the very least there would be an exodus of investors and the company's shares would tank. Right?
Well, the shares of Hyderabad-based digital marketing solutions company Brightcom Group, which is under a forensic audit by the Securities and Exchange …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, Londo