BSE to Suspend Trading in 17 Companies

New Delhi: BSE has ordered suspension of trading in shares of 17 companies, including Raj Irrigation Pipes & Fittings and Kohinoor Broadcasting Corporation, from August 26 until further notice.

The move is aimed at ensuring safety of investors in the capital market.

“Based on the parameters provided by Sebi (Securities and Exchange Board of India) and under provisions of rules, bye-laws and regulation of the exchange, as an interim preventive and remedial measure and to maintain orderly development in the securities market, trading in the securities of the (17) companies will be suspended with effect from August 26, 2015 until further notice,” the stock exchange said.

Apart from Raj Irrigation Pipes & Fittings and Kohinoor Broadcasting Corp, trading would be suspended in Aagam Capital, Alps Motor Finance, Genus Commu Trade, Dynamic Microsteppers, RFL International, Mefcom Agro Industries and SVC Resource, among others.