JM Fin gets Sebi warning over lapses; stock falls
Financial Express Kochi|January 04, 2025
The Securities and Exchange Board of India (Sebi) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India).
AKSHATA GORDE

Shares of the investment banking firm erased their earlier gains, falling 2.3% to close at ₹129.90 on the NSE after it informed the stock exchanges about the Sebi letter on Friday.

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