SEBI stops trading in 331 suspected shell companies
Markets regulator SEBI has directed stock exchanges to take action against 331 suspected shell companies and stop their trading for this month. These companies saw high investments through layering and fund flows from non-listed shell companies, and saw a total public float of â¹12,000 crore. Some of the large companies identified include Prakash Industries, and Parsvnath Developers, among others.