Context:
The Securities and Exchange Board of India (Sebi) on Monday suspended trading in Bharat Global Developers, valued at over ₹ 12,000 crore, after it found lapses in the company’s financials and disclosures, and fraudulent preferential allotment.
Background of Company:
The Ahmedabad-based company is involved in the domains of green energy, engineering and infrastructure, aerospace and defense, and agriculture.