The Securities Appellate Tribunal today stayed trading restrictions imposed on JKumar Infraprojects and Prakash Industries, which are among the 331 suspected shell companies identified by the government. Markets regulator Sebi had asked the stock exchanges to restrict trading in shares of 331 "suspected shell companies", some of which have investments by several well-known domestic and foreign investors. JKumar Infraprojects and Prakash Industries had moved the SAT against the Sebi directions. Following their appeals, the SAT has stayed the trading restrictions imposed on the two companies and these shares can resume normal trading tomorrow. Out of the 331 companies on the list, more than 160 are actively traded shares on the exchanges.

Source: dna August 10, 2017 10:30 UTC