New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …
Shares of Bharat Global Developers were locked at the 5% upper circuit limit for the third consecutive trading session on Friday, December 13, reaching ₹1183 per share. The surge in BGDL’s stock price followed the announcement that its subsidiary secured an annual supply contract worth ₹1,650 crore with Tata Agro & Consumer Products. Under this agreement, BGDL will supply a …
Shares of Bharat Global Developers Ltd surged 5 per cent to ₹1,045.70 after the company said its board will meet on November 18 to discuss a stock split, bonus share issuance, and dividend proposal. The company stated that it will consider issuing bonus shares in the ratio of 10:8, meaning shareholders could receive eight additional shares for every ten held, …
Bharat Global Developers share price was locked in the 5% upper circuit limit on Thursday, November 7 after the company announced the receipt of an order from Reliance Industries Ltd. BGDL stock price was trading 5% higher at ₹903.40 apiece on the BSE. Bharat Global Developers said it has been awarded an Infrastructure Engineering Order valued at ₹120 crore from …
