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.
Bu hikaye Financial Express Mumbai dergisinin March 09, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin March 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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