Date:23/12/2005 URL: http://www.thehindu.com/2005/12/23/stories/2005122309171700.htm

Business - Briefly

SEBI bans nine cos., one OCB

MUMBAI: The Securities and Exchange Board of India on Thursday banned nine Ahmedabad-based finance companies and one overseas corporate body, Willow Wood Corporation, for cornering a huge portion of GCCL Infrastructure and Projects shares.

The SEBI also announced that it was now investigating 68 more stocks of small companies to find if anything was wrong in their trading, which led to astronomical rise in the scrip prices till September.