January
21, 2009
PR No. 050/2009
Orders in the matter of Granules India Ltd.
Dr. T. C. Nair, Whole Time Member, SEBI, has passed orders dated January 14, 2009, in the matter of M/s. Granules India Limited (GIL);
(a) restraining M/s. ASK Holdings Pvt. Ltd. and Shri C. Krishna Prasad, Managing Director of GIL, from accessing the securities market and prohibiting them from buying, selling or otherwise dealing in securities in any manner whatsoever, whether directly or indirectly for a period of three months and one month respectively.
(b) disposing of the show cause notice issued against M/s. Pacific Corporate Services Limited without any directions against them.
The orders come into force with immediate effect.
Mumbai
January 21, 2009
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