Sunday, January 15, 2012

SEBI BANS 100 ENTITIES RELATED TO 7 IPOS

The Securities and Exchange Board of India (SEBI) cracked down on promoters, key officials and
directors, including independent directors, of issuer firms, merchant bankers and stock market operators involved in several irregularities in seven recent initial public offerings (IPOs). Over 100 entities involved in these IPOs are banned from the securities market with immediate effect.

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