Brightcom Group Share: On Friday i.e. yesterday, trading of Brightcom Group was suspended in BSE and NSE. Due to which the money of more than 6.5 lakh retail investors is stuck. This strict action has been taken against the company for not following the master circular of NSE. The suspension of the company’s trading was announced on May 15 itself. But then Brightcom Group had said that they would soon resolve this entire matter. But this could not happen. After which this strict action has been taken.
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The company’s shares were active on Friday. At the time of market closing, Brightcom’s shares closed at Rs 9.45 with a fall of 4.93 percent. Due to suspension of trading, money of lakhs of investors is stuck. Let us tell you, the total stake of promoters in the company is 18.38 percent. While retail investors hold 41.70 percent stake.
On March 2021, the price of shares of the company was at the level of Rs 5. Then the number of retail investors was 63,310. During the next one month, the price of the company’s shares reached the level of Rs 121. It increased to 6.56 lakh in March 2024.
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Why did Brightcom Group have to stop trading?
Last month, it came to light that trading would be stopped on May 15. The company was to declare the results for the second and third quarters of the financial year 2023-24 by June 11. But the company was able to make public only its quarterly results. Third quarter results were not declared again. Nor was Brightcom Group able to say when it would announce its quarterly results. Whose impact is now falling on investors.
Investigation was ordered in 2022
Brightcom Group faced problems when SEBI ordered a forensic investigation in March 2022 into the funds raised in 2021. The company had raised Rs 870 crore through preferential issue. This money was raised from 82 investors.
