Alchemist Group

Alchemist group is an Indian conglomerate which has presence in multiple sectors such healthcare, pharmaceuticals, food-processing, real estate, infrastructure and tea estates. It was founded by businessman turned politician K.D. Singh.[1][2] The flagship company of Alchemist Group - Alchemist Limited is a publicly traded at NSE & BSE.[3][4][5][6] Multiple central and state government agencies in India including SEBI has barred many companies of Alchemist group for multiple violations.[7][8][9][10][11][12][13] Securities Appellate Tribunal had earlier ordered Alchemist group to comply with SEBI orders that had asked the company to refund an estimated Rs 1,000 crore collected from public through unauthorised collective investment schemes (CIS).[14][15] On August 7, 2015, Alchemist Capital was told to refund 165 crore with 15% interest for issuing 16.52 crore RPS of Rs 10 each amounting to Rs 165.21 crore up.[16][17]

References

  1. ↑ Das, Madhuparna. "Alchemist Group faces trouble in Bengal; State police lens on KD Singh's empire". Economic Times.
  2. ↑ Paul, Shutapa. "Mamata's billionaire". India Today.
  3. ↑ "Alchemist Ltd". Moneycontrol.com.
  4. ↑ "Alchemist Ltd". BSE India.
  5. ↑ "Alchemist Ltd". Rediff Money.
  6. ↑ "Alchemist Ltd". Google Finance.
  7. ↑ Badrinarayan, K. S. "SEBI order may floor Alchemist group cos". The Hindu Businessline.
  8. ↑ Pandey, Alok. "Trinamool MP KD Singh's company Alchemist Infra Realty under scrutiny". NDTV.
  9. ↑ "Police forms SIT to probe cheating case against Alchemist group". Outlook India.
  10. ↑ "Sebi says no to Alchemist's deadline extension plea on refund". Financial Express.
  11. ↑ Datta, Romita. "West Bengal commission yet to act on 500,000 complaints against 73 deposit takers". Live Mint.
  12. ↑ "SEBI cracks the whip on Alchemist Infra". The Hindu.
  13. ↑ Dahal, Sucheta. "Politically-connected Alchemist group under regulatory fire". Money Life.
  14. ↑ "SAT gives 18 months to Alchemist Infra to refund money". Business Standard.
  15. ↑ "SEBI orders Alchemist Infra to refund investors". News 18.
  16. ↑ "KD Singh-led Alchemist Group in soup again". Tribune India.
  17. ↑ "Police forms SIT to probe cheating case against Alchemist group". Indian Express.
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