 "Sebi")
ICICI Securities has landed in a tight spot over a research note on delisting-bound Vedanta. On October 5, the brokerage published a report downgrading the stock from ‘hold’ to ‘reduce’, citing reduced book value approved by the Securities and Exchange Board of India (Sebi).
The markets regulator took objection to the statement, directing the brokerage to issue a clarification and make an amendment to the report.
“As directed by Sebi, we are hereby issuing the following clarification on the misstatement given by us in the equity research report on Vedanta dated October 5, 2020... in this report it
The markets regulator took objection to the statement, directing the brokerage to issue a clarification and make an amendment to the report.
“As directed by Sebi, we are hereby issuing the following clarification on the misstatement given by us in the equity research report on Vedanta dated October 5, 2020... in this report it
