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.
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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.

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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.

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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.

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On May 27, 2016, at 10:47 hrs HDFC Bank was quoting at Rs 1183.60, up Rs 2.15, or 0.18 percent. The 52-week high of the share was Rs 1188.45 and the 52-week low was Rs 928.80.


The company's trailing 12-month (TTM) EPS was at Rs 48.62 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 24.34. The latest book value of the company is Rs 245.19 per share. At current value, the price-to-book value of the company is 4.83.

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