News & Media 17th Apr 2024

With not more than Rs 600 stake, shareholder triggers SEBI probe into former Eveready Ind owner

Authors

Manendra Singh Partner | Mumbai

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Williamson Magor and Co (WMCL),  which recently defaulted in repaying a loan of up to Rs 164 crore to various banks and financial institutions, has received another blow–this time, from a shareholder who holds just 0.0001 percent of its total shares. A complaint from a person, who bought just 10 WMCL shares for not more than Rs 600, has led the company to pay more than 300x that amount in penalty.

Asha Menon from Money Control authors an article on this issue “With not more than Rs 600 stake, shareholder triggers SEBI probe into former Eveready Ind owner” with detailed insights from our Partner Manendra Singh.

Read the article here