Does a Chairman’s statement expressing interest in acquiring another company amount to fraud? SAT answers

Does a Chairman’s statement expressing interest in acquiring another company amount to fraud? SAT answers

While overruling an order passed by the Adjudicating Officer (AO) of the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) has found that a substantial movement in the prices of a profitable company cannot be attributed to a news report alone.

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