September 21, 2011
PR No. 128/2011

Order in the matter of market manipulation using GDR issues

Shri Prashant Saran, Whole Time Member, SEBI, has passed an ad interim ex-parte order dated September 21, 2011, in the matter of market manipulation using GDR issues. Vide the said order SEBI has issued directions against Pan Asia Advisors Ltd., Mr. Arun Panchariya, India Focus Cardinal Fund (Sub-Account), MAVI Investment (Sub-Account), KII Limited (Sub-Account), Sophia Growth - A share Class of Somerset India Fund (Sub-Account), European American Investment Bank Ag (FII), Basmati Securities Pvt Ltd., Oudh Finance & Investment Private Ltd., Alka India Ltd., SV Enterprises and JMP Securities Pvt Ltd.
 
Directions are also issued against the listed companies namely, Asahi Infrastructure & Projects Ltd., IKF Technologies Ltd., Avon Corporation Limited, K Sera Sera Ltd., CAT Technologies Ltd., Maars Software International Ltd. and Cals Refineries Ltd.
 
  
Mumbai

September 21, 2011

For full copy of order against ALKA INDIA LTD., click here.

For full copy of order against ARUN RAMSWAROOP PANCHARIYA, click here.

For full copy of order against ASAHI INFRASTRUCTURE & PROJECTS LTD., click here.

For full copy of order against AVON CORP.LTD., click here.

For full copy of order against BASMATI SECURITIES PVT.LTD., click here.

For full copy of order against CALS REFINERIES LTD., click here.

For full copy of order against CAT TECHNOLOGIES LTD., click here.

For full copy of order against EUROPEAN AMERICAN INVESTMENT BANK AG (EURAM BANK AG), click here.

For full copy of order against IKF TECHNOLOGIES LTD., click here.

For full copy of order against INDIA FOCUS CARDINAL FUND, click here.

For full copy of order against JMP SECURITIES PVT.LTD., click here.

For full copy of order against K SERA SERA LTD., click here.

For full copy of order against KII LTD., click here.

For full copy of order against MAARS SOFTWARE INTERNATIONAL LTD., click here.

For full copy of order against MAVI INVESTMENT FUND LTD., click here.

For full copy of order against OUDH FINANCE & INVESTMENTS PVT.LTD., click here.

For full copy of order against PAN ASIA ADVISORS LTD., click here.

For full copy of order against SARFARAZ KHAN PATHAN, click here.

For full copy of order against SOPHIA GROWTH, click here.

For full copy of order against SV ENTERPRISES, click here.