- SEBI axe may fall on plantation firms
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20/02/1998
It is now the turn of tree plantation companies after non banking finance companies (NBFCs) to feel the hear in anticipation of stringent SEBI guidelines designed to purge malpractices in the sector. A shakeout is now expected in tree plantation investment companies which have bloated to become a Rs 10,000 crore industry, comprising of players of all sizes- a majority of which have dubious track records.