Investors high on SME IPOs with up to 1,300% returns. Marquee investors, top performers like Owais Metal & Mineral Processing, and risks of market manipulation highlighted. Emphasis on due diligence and investor awareness.
India Business News: Sebi uncovers accounting frauds at Varanium Cloud and Add-Shop E-Retail on the SME platform, leading to bans for financial manipulation. Market expert
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.
Add-Shop E-Retail Limited announced that at its board meeting held on 19 August 2023, accepted of resignation of Mr. Dev Dineshbhai Pandya as chief financial officer of the company effective from the...