promoters

Two recent orders by market regulator, the Securities and Exchange Board of India, on Manpasand Beverages Ltd (MBL) and Add Shop-E Retail are disturbing and reveal how promoters can go to any extent to manipulate the company’s books to dupe the entire system.

Block and bulk deals have shown a phenomenal increase in the current fiscal year so far, with the combined sell-downs tripling from year ago to over ₹25,500 crore, as promoters and strategic investors took the opportunity to exit their investments in Indian companies.