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