Sebi fines 6 merchant banks for disclosure lapses in CARE IPO
The six merchant banks have been asked to pay a fine of Rs 1 crore -- the maximum penalty applicable for violation of disclosure related norms in IPO documents -- within 45 days.
Nov 28, 2014, 18:02 PM ISTSebi imposes Rs 1 crore fine on six merchant bankers
The merchant bankers fined by Sebi are Kotak Mahindra Capital, DSP Merrill Lynch, Edelweiss, ICICI Sec, IDBI Capital Market and SBI Cap.
Nov 28, 2014, 17:24 PM IST