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Pyramid Saimira shares tumble after SEBI order

Published on Wed, Nov 11, 2009 at 14:25 |  Source : Reuters

Updated at Wed, Nov 11, 2009 at 14:42  

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Pyramid Saimira shares tumble after SEBI order

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Theatre operator Pyramid Saimira Theater Ltd shares fell by their daily limit of 10% in early trades on Wednesday, after the company was barred from dealing in securities by the regulator for seven years. The regulator said late on Tuesday that the company was barred as it alloted shares under the employee quota to seven persons who were non-employees during its IPO in December 2006. Shares were trading at the day's low of Rs 19.65 at 10:10 am in a flat Mumbai market.

  

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