Sebi confirms ban on JM Fin over managing debt issues
Thursday, 20 June 2024
Sebi confirms interim directions against JM Financial for irregularities in NCD public issue, prohibiting the lead manager role until March 31, 2025. Investigation reveals retail shareholder allocation with JM Financial Products as counterparty. RBI's previous bar on JM Financial from IPO financing was also noted, ensuring ongoing integrity and regulatory compliance.
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