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Adjudication against i-bankers of failed YES Bank QIP

YES Bank had informed the stock exchanges about the QIP and had opened the QIP on September 8

Shrimi Choudhary & Pavan Burugula  |  Mumbai 

Markets watchdog the Securities and Exchange Board of India (Sebi) has initiated adjudication proceedings against the merchant bankers who handled the failed private placement of YES Bank shares in September 2016. According to sources, the regulator has prima facie found irregularities in the due-diligence process and disclosures during the run-up to the qualified institutional placement (QIP) of YES Bank’s shares.   To finalise the case, the market regulator has appointed an adjudicating officer who will examine the findings made by Sebi’s investigation team. Sources ...

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First Published: Wed, May 17 2017. 00:39 IST
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