The share price of Brightcom Group company has witnessed a strong surge in the past few days. There has been a significant increase in buying of the company’s shares. In Thursday’s trading session, Brightcom Group’s share was trading at Rs. 20.15 with a 20% rise. On Friday, 8 December 2023, the share of Brightcom Group was trading at Rs. 22.10 with a 10.22% increase. Last year in December 2022, the share of Brightcom Group had touched a 52-week high of Rs. 36.90.
On 15 November 2023, the Board of Directors of Brightcom Group Limited approved the proposal to appoint a new auditor for the company. Recently, Brightcom Group had requested SEBI for a 40-day extension to submit its quarterly and half-yearly results, which was approved by the company’s board of directors. In August 2023, SEBI had issued an interim order in a case related to Brightcom Group, which had banned 24 investors, including renowned investor Shankar Sharma, from selling the company’s shares. After a thorough investigation of the preference shares, SEBI passed the interim order. As per SEBI’s order, Brightcom Group had made transfers in the allocation of preference shares. SEBI had also ordered the removal of Brightcom Group’s MD and Chairman, Suresh Kumar Reddy, and CFO, Narayan Raju.
Brightcom Share Price as of 9 December 2023:
1. On Thursday, in the business session, the share price of Brightcom Group was trading at Rs. 20.15 with a 20% increase.
2. On Friday, 8 December 2023, the share price of Brightcom Group was trading at Rs. 22.10 with a 10.22% increase.
3. In December 2022, the share price of Brightcom Group reached a 52-week high of Rs. 36.90.
4. On 15 November 2023, the Board of Directors of Brightcom Group Limited approved the appointment of a new auditor for the company.
5. Recently, Brightcom Group requested a 40-day extension from SEBI to submit quarterly and half-yearly results, which was approved by the company’s board of directors.
6. In August 2023, SEBI issued an interim order prohibiting Brightcom Group from selling shares to 24 investors, including prominent investor Shankar Sharma, following an investigation into the company’s involvement in a case.
7. After the investigation of the preference share issue, SEBI passed the interim order.
8. According to SEBI, Brightcom Group had made changes in the allocation of preference shares.
9. SEBI ordered the removal of MD and Chairman Suresh Kumar Reddy and CFO Narayana Raju from Brightcom Group.
News Title: Brightcom Share Price 9 December 2023.
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