BSE to stop trade in Pentamedia Graphics

MUMBAI: The Bombay Stock Exchange (BSE) said on Saturday it would suspend

trading in shares of animation software company Pentamedia Graphics Ltd. from

October 4.

"On account of irregularities found in the preferential allotment of one

million equity shares issued by Pentamedia Graphics Ltd. and its failure to

resolve the issue to the satisfaction of The Stock Exchange, Mumbai (BSE), the

Exchange authorities have decided to suspend trading in the securities of

Pendamedia Graphics Ltd. with effect from October 4, 2001 until further

notice," the exchange said in a news release.

Pentamedia's shares closed up 3.6 per cent at Rs 25.95 on the BSE on Friday

while the benchmark index ended 3.54 per cent higher.

(C) Reuters Limited 2001.