Sebi launches probe into Bajoria case

MUMBAI, OCT 24: The Securities and Exchange Board of India Sebi has quietly launched an investigation into l8217;affaire Arun Bajoria and his holdings in Bombay Dyeing. The probe began a couple of days ago. Sebi senior executive director LK Singhvi said the investigation would focus on looking into all aspects of the Bajoria acquisition of shares in Bombay Dyeing. quot;At this stage I cannot say anything more than this. But we have started an investigation.quot;

For quite some time, Sebi was undecided about whether the case merited a full probe or not, and the regulator had written to the Calcutta-based jute baron seeking to know exactly how much he held in the Nusli Wadia-controlled company. Bajoria had later said that he had 13.5 per cent in the company and would send the letter saying so to Sebi on Monday.

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