 "Adjudication against i-bankers of failed YES Bank QIP")
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 said the investment banks will receive show-cause notices from the market regulator soon; they will be
To finalise the case, the market regulator has appointed an adjudicating officer who will examine the findings made by Sebi’s investigation team. Sources said the investment banks will receive show-cause notices from the market regulator soon; they will be
