Shareholder revolt at Actis-backed Halonix - report
Shareholders at halogen bulb and lamp manufacturer Halonix have reportedly complained to India’s market regulators that the company has violated the country’s Foreign Exchange Management Act.
They have also alleged to the Securities Exchange Board of India (SEBI) and Enforcement Directorate (ED) that public shareholders are being misled, according to the Times of India. Portfolio management...
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