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A top executive of the Yash Birla group of companies was detained from a five-star hotel in South Mumbai by officials of the Narcotics Control Bureau (NCB) for alleged drug possession late on Friday night. Like us on Facebook to see similar stories, Trinamool Congress unveils Lenin's statue in Kharagpur in presence of Left leaders. Would Rajini myth have survived political foray? Yash Birla,Aditya chopra, Sunny Deol, Akshay khanna, Akshay kumar, Sunil shetty are gay. Find the best deals. According to reports, an amount of over Rs 30 crore is untraceable. Yash Birla and Shobhaa De chats during the launch of book 'On a Prayer', held at Crossword, Inorbit Mall in Mumbai. “In case of Birla Power, the money is utilised to the extent of Rs 75 crore,’’ Yash Birla Group said in a statement, saying PanAsia managed its issues. Great Republic Day sale is now live! The investigation by Sebi also found that despite the company’s promise to set up spa centres across the country, none have come up so far. Sanjay leela bhansali being so … Yashovardhan Birla, Chairman of the Yash Birla Group, has been suspended from the stock market by SEBI, twice in just a month. Yash was penalised by SEBI for allegedly diverting inventory market investor funds in the direction of inter-corporate deposits of his personal firm. Connect with friends faster than ever with the new Facebook app. Mumbai, Oct 28 (IANS) Yashovardhan Birla, Chairman of Yash Birla Group has been barred from the securities market by SEBI twice in just a month’s time. On a Prayer book launch Photogallery. Here is the blind item from Open Magazine by Rajeev Masand:. Today the Yash Birla Group is a well diversified entity with a turnover of over INR 30 Billion. What stands out is that large GDR issuances from Yash Birla Group has investors like Figura, TrendSetter, Tradetec, Imagination, Flagstaff that figure in the Sebi list of alleged manipulators. birla Blogs, Comments and Archive News on Economictimes.com Yash Birla resigned from Birla Precision on May 27. Ananya Birla launches her debut single Photogallery. Yash Birla and Avanti Birla during the launch of Ananya Birla's debut single Livin’ the Life (LTL) in Mumbai. The broker had bought the stock of the company on its first day on the bourses. The action is due to misutilization of funds collected through the initial public offering of Birla Pacific Medspa in mid-2011, including using the proceeds from the offer to manipulate the stock price. After Getting Delayed Akshay Kumar's Bell Bottom Makers Exploring The Option Of Releasing The Film Directly On Digital? In fact, the prospectus never contemplated that funds would be deployed as ICDs to group companies within five days from the receipt of IPO proceeds without any event of exigency," Sebi noted. According to the 61-page order by Sebi whole-time member Ananta Barua, Birla Medspa opened its Rs 65-crore IPO in June 2011 and the shares were listed on July 7 in the same year. Sebi also banned several others associated with Yash for their roles in the same matter. Another romance appears to have bitten the dust. Snapped: Nandita Das attends book launch - While Nandita Das attended the launch of a book on feminism and other issues, Yash Birla was spotted at a wine festival in Nashik Yash Birla's companies include Zenith Steel, Birla Power, Birla Lifestyle, Shloka Infotech and Birla Cotsyn. The action is due to misutilisation of funds collected through the initial public offering (IPO) of Birla Pacific Medspa in mid-2011, including using the proceeds from … SEBI said that while around 75% of the proceeds were promised to be utilised in setting up of Evolve Med Spa centres under the 'objects of the issue' in the prospectus, no such centres have been set up ultimately. It was the first company to manufacture portable generators in India in 1986. Earlier this month as well, in another case, Sebi had banned Yash from the market for two years. Read Politics news, current affairs and news headlines online on Yash News Page-11 today. Sebi also banned several others associated with Yash for their roles in the same matter. Regulator Sebi has banned Yashovardhan Birla from the market for two years. Yash Birla, 3 others barred from securities market Mumbai: The Securities and Exchange Board of India (SEBI) has barred four individuals, including Yashovardhan Birla, the Chairman of Yash Birla Group, from the markets in relation to manipulation in issuance of global depository receipts (GDR) by Birla Cotsyn (India) Ltd way back in 2010. Yash Birla barred from securities market for 2nd time in a month Wed, Oct 28 TikTok teams up with Shopify to boost e-commerce Wed, Oct 28 Cognizant names Rajesh Nambiar as India MD & Chairman Wed, Oct 28 Apple TV+ partners Emmy award-winner Jon Stewart Wed, Oct 28 In its probe, SEBI found that company made misstatements in the Rs 65 crore IPO prospectus of Birla Pacific Medspa Limited. Liverpool 's title defence there were efforts for layering, relating to transfers! Congress unveils Lenin 's statue in Kharagpur in presence of Left leaders of personal... 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