SEBI serves notices to 2 for IPO allotment manipulation

posted by   madhoo (123)   1 month ago (ipo-news-india.blogspot.com)

Two persons accused of manipulating allotment of IPO shares meant for retail investors have been directed to disgorge more than Rs 1 crore, and have also been barred from accessing the securities market for a certain period of time.Both these persons had been restrained from accessing the markets by an ad interim ex-parte order of SEBI in April 2006. SEBI had issued show cause notices to them.SEBIs order on Monday directed Mr Dhaval Mehta described as a key operator who engineered multiple IPO