The Securities and Exchange Board of India (Sebi) today barred Arun Bajoria and persons acting in concert with him from accessing the capital market and dealing directly or indirectly in securities for one year with immediate effect. The capital market watchdog imposed the ban citing non-compliance and attempted creation of evidence.
Last year Bajoria tried to squeeze in a board berth in Bombay Dyeing claiming that his holding in the company along with persons acting in concert was more than 15 per cent. Nusli Wadia, chairman of Bombay Dyeing, took the matter to Sebi claiming that Bajoria had violated the takeover code in not informing his company when his holding had crossed the 5 per cent trigger limit.
As Bajoria
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