March 03, 2005
PR No. 50/2005

Shri Dinesh Kumar Singhania directed to dissociate himself

from capital market

Securities and Exchange Board of India (SEBI) has issued directions under Section 11, 11B of the SEBI Act, 1992 and Regulation 44 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 against Shri Dinesh Kumar Singhania directing him to dissociate himself from the capital market and not to deal in securities in any manner whatsoever for a period of one year for violation of Regulation 7 of the aforesaid Regulations vide order dated February 18, 2005. This order relates to the matter of acquisition of shares of Bombay Dyeing and Manufacturing Co. Ltd. and shall come into effect on expiry of 21 days from the date of the order. 
 
 
Mumbai
 
March 03, 2005