SEBI directs D-Link India not deal in securities for one month

D-Link India Ltd has announced that the Company has received an order on August 22, 2007 from Securities Exchange Board of India under the reference dated August 21, 2007.

SEBI in exercise of powers conferred in terms of Section 19 of SEBI Act, 1992 read with Section 11, 11B of the SEBI Act, 1992 and Regulation 5 (1)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995, has directed the Company not to buy, sell or deal in securities, in any manner, directly or indirectly for a period of one month and the order shall come in to force with immediate effect.

The stock was trading at Rs.63.25, up by Rs.1.60 or 2.60%. The stock hit an intraday high of Rs.64.45 and low of Rs.60.35. The total traded quantity was 45199 compared to 2 week average of 138917.

Source : Equity Bulls

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