IPO scam: Sebi slaps disgorgement order on NSDL, CDSL, DPs

Sebi has passed a disgorgement order, a first ever of its kind, in the IPO manipulation case, reports CNBC-TV18. The market regulator has directed NSDL, CDSL and eight DPs to disgorge Rs115.81 crore in six months.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Nov 22, 2006, 09.27 AM | Source: CNBC-TV18

IPO scam: Sebi slaps disgorgement order on NSDL, CDSL, DPs

Sebi has passed a disgorgement order, a first ever of its kind, in the IPO manipulation case, reports CNBC-TV18. The market regulator has directed NSDL, CDSL and eight DPs to disgorge Rs115.81 crore in six months.

Like this story, share it with millions of investors on M3

IPO scam: Sebi slaps disgorgement order on NSDL, CDSL, DPs

Sebi has passed a disgorgement order, a first ever of its kind, in the IPO manipulation case, reports CNBC-TV18. The market regulator has directed NSDL, CDSL and eight DPs to disgorge Rs115.81 crore in six months.

Post Your Comments

Share Cancel

IPO scam: Sebi slaps disgorgement order on NSDL, CDSL, DPs
Sebi has passed a disgorgement order, a first ever of its kind, in the IPO manipulation case, reports CNBC-TV18.

A disgorgement order means that the players that have been named in this order have earned money illegally, which they will have to return.

So the market regulator has directed NSDL, CDSL and eight depository participants (DPs) to return Rs115.81 crore in six months. The DPs include Karvy, HDFC Bank , Khandwala Securities , IDBI Bank , Jhavei Securities, ING Vysya Bank , PR Stock Broking and Pratik Stock Vision.

Buy, Hold, Sell ? Hear it first on M3
IPO scam: Sebi slaps disgorgement order on NSDL, CDSL, DPs

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login