Cong Accuses Govt Of Negligence

The Securities and Exchange Board of India (Sebi) has granted an exemption to Sierra Atlantic, a US-based overseas corporate body, and a non-resident Indian promoter Raju Reddy, from making an open offer to the public following purchase of shares from two other Indian promoters in Sierra Optima Ltd.

Sarath Sura and Yeshwant Reddy are the ot