Sebi missive on Indiabulls AGMs forces stock exchanges to act

MUMBAI: India's two leading stock exchanges have questioned the Indiabulls group's decision to hold shareholder meets of all six group companies within a 75-minute gap on Monday after the market regulator criticised the move and the exchanges' silence on the issue so far.
The Delhi-based firm with interests in real estate and financial services will hold annual general meetings (AGMs) of all six group companies — Store One Retail IndiaBSE -4.97 %, Indiabulls Wholesale ServicesBSE -1.74 %, Indiabulls SecuritiesBSE 0.46 %, Indiabulls PowerBSE -1.20 %, Indiabulls Real EstateBSE -0.27 %, and Indiabulls Infra and Power — in the city on Monday within one hour and 15 minutes. The meetings will start at 10:00 am and conclude by 11:15 am, with each lasting only 15 minutes.

amit kumar pandey

pgdm-1st