Apart from JM Financial, several other cases are under investigation to see if merchant banks provided investors with an exit through connected nonbanking financial firms, said sources, who declined to be named as they are not authorised to speak to the media.
Sebi barred JM Financial from taking new mandates this week, saying it had found that funds from connected entities were used to inflate subscriptions and provide an assured exit to investors. JM Financial said in a stock exchange filing on Thursday that it will fully cooperate with Sebi in its investigations.
Diese Geschichte stammt aus der March 09, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der March 09, 2024-Ausgabe von Financial Express Mumbai.
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