Sebi revokes trading ban on 20 cos in Kelvin Fincap case

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Regulator Sebi has lifted trading ban on 20 entities which were alleged to have indulged in fraudulent trade in the shares of Kelvin Fincap ltd, saying it did not find any ‘adverse evidence’ against them. The regulator's order came in the case related to Kelvin Fincap ltd wherein various entities were prima-facie found to have artificially inflated the company’s share prices. The Securities and Exchange Board of India (Sebi) had conducted an examination into the dealings in the scrip of Kelvin Fincap ltd (KFl) from June 2013 to May 2014.   

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