Two years later, Sebi has delivered a sharply different story. In a detailed order, the market regulator has barred Droneacharya, its promoters Prateek Srivastava and Nikita Srivastava, and several associated entities from the securities market for two years. The regulator found that the company diverted IPO proceeds, misrepresented financial statements, and used corporate announcements to artificially hold up share prices after listing.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.