CA NeWs Beta*: IPO irregularities: Sebi to refund disgorged funds to investors

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Thursday, December 17, 2015

IPO irregularities: Sebi to refund disgorged funds to investors

NEW DELHI: Capital markets regulator Sebi will distribute among eligible investors the funds it has collected through disgorgement orders in cases of IPO irregularities - a move that will benefit as many as 4.63 lakh investors.

The total amount to be distributed is Rs 18.06 crore, which includes Rs 7.35 crore recovered by Sebi
through exercise of its newly-conferred recovery powers.

Wherever the bank details of the eligible investors are available, the amount would be credite ..


NEW DELHI: Capital markets regulator Sebi will distribute among eligible investors the funds it has collected through disgorgement orders in cases of IPO irregularities - a move that will benefit as many as 4.63 lakh investors.

The total amount to be distributed is Rs 18.06 crore, which includes Rs 7.35 crore recovered by Sebi through exercise of its newly-conferred recovery powers.

Wherever the bank details of the eligible investors are available, the amount would be credite ..

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