Brightcom Group tanks 7% after Sebi refuse to lift restriction on promoter
Thu, Feb 29, 2024 11:25 AM

Brightcom Group tanks 7% after Sebi refuse to lift restriction on promoter

A Flip by Avya Verma
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Shares of Brightcom Group Ltd tanked nearly 7 percent on February 29 after the Securities and Exchange Board of India (Sebi) on February 28 refused to lift restrictions imposed on the company's promoter Suresh Kumar Reddy, in a case of irregularities in preferential allotment of shares made by the company. Reddy will also continue to be restrained from holding the position of a director.

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