Sebi confirms ban on JM Fin over managing debt issues - Qoneqt
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    Chetan Pandit Khairnar in News

    21 Jun 04:22 AM


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    Sebi confirms ban on JM Fin over managing debt issues

    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. RBIs previous bar on JM Financial from IPO financing was also noted, ensuring ongoing integrity and regulatory compliance.