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Dec 29, 2010, 07.33 AM IST
But 2010 seems to be ending on a good note for the Bhushan Group as the securities appellate tribunal (SAT) has set aside that SEBI order, reports CNBC-TV18’s Ashwin Mohan.
Well little did the Bhushan Group know that they would fall into a soup with the market regulator regarding their acquisition of Orissa Sponge Iron and Steel Ltd. SEBI had earlier fined the group for violation of takeover rules.
However, SAT has clarified that the group has made attempt either to dodge takeover code or to compromise investor interest.
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