Sebi today said it is looking into alleged violations of code of ethics in the ICICI Securities IPO and has sought details.
ICICI Securities had in March reduced the size of its initial public offer (IPO) to a little over Rs 3,500 crore after the sale elicited a sluggish response, especially from high networth individuals.
On a question about whether Sebi was conducting any investigation in the alleged violation of code of ethics in ICICI Securities IPO, chairman Ajay Tyagi said, "We are looking into that, we have sought some information from them and we are yet to get their reply."
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