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SEBI Bars Gillette India Ltd's Promoters, Directors From Market-Economic Times

Friday, 5 Jul 2013 06:30pm EDT 

Economic Times reported that Market regulator Securities and Exchange Board of India (SEBI) has barred Gillette India Ltd's promoters and directors from dealing in the securities markets and also imposed a freeze on all corporate benefits for failing to comply with the minimum public shareholding norms. The order follows the disposal of Gillette's appeal by the Securities Appellate Tribunal (SAT) on July 3, 2013 against a previous decision by Sebi, which had rejected Gillette's proposal to reclassify Indian promoters as non-promoters. 

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