मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Merchant bankers of IPOs under Sebi lens
Mint Kolkata
|May 09, 2025
The market regulator's rare order barring First Overseas Capital Ltd (FOCL) from taking on any new initial public offering (IPO) assignments after uncovering alleged fund diversion from an IPO may signal increased scrutiny of merchant bankers, experts said.
The interim order, issued on 6 May by the Securities and Exchange Board of India (Sebi), uncovered a diversion of ₹19 crore from the proceeds of Synoptics Technologies Ltd's July 2023 IPO. It details how FOCL allegedly siphoned funds through fake counterparties, misclassified as expenses, and partially used to buy the company's own shares on listing day, creating an illusion of market
यह कहानी Mint Kolkata के May 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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