PalredTech
Posted: Mon Jan 15, 2018 10:53 am
Porinju Buys 1% stake in small IT company PalredTech..
I received this news on 13th Jan 2018. Is this accurate?
I received this news on 13th Jan 2018. Is this accurate?
EQUITY INTELLIGENCE INDIA PRIVATE LIMITED, Porinju Veliyath's PMS, has been holding 1,00,000 shares in the portfolio since a long time.Monsoon wrote:Porinju Buys 1% stake in small IT company PalredTech..
I received this news on 13th Jan 2018. Is this accurate?
Palred Technologies Ltd. provides consultancy services related to hardware and software requirements and procurement.
It also provides other information technology consulting services.
The company was founded by Srikanth Reddy Palem on December 24, 1999 and is headquartered in Hyderabad, India.
There is an old insider trading case in which Palred Technologies and its directors were found guilty by SEBI.
"In an insider trading case, Securities and Exchange Board of India (Sebi) has ordered impounding of unlawful gains of over Rs 2 crore from 15 individuals.
These individuals were allegedly 'connected entities' and had traded in the shares of Palred Technologies Ltd (PTL) while possessing price-sensitive information and allegedly made unlawful gains in the process, Sebi found."
https://economictimes.indiatimes.com/ma ... 888972.cms