SEBI asks HDFC AMC to cancel pre-IPO share sale - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Monday, July 2, 2018

SEBI asks HDFC AMC to cancel pre-IPO share sale

HDFC Asset Management has been directed by the Securities and Exchange Board of India (SEBI) to refund the money collected from distributors and advisers for its pre-IPO share sale

HDFC AMC filed for the approval of its IPO in March. Its draft red herring prospectus mentioned that it may allot close to 7.2 lakh shares to its distributors, a move that SEBI did not allow. The fund house then went for a private placement with the said distributors

No comments:

Post a Comment

Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

Endurance Technologies Offer for Sale was open for Non Retail category on 6-Mar-2019 and for Retail category on 7-Mar-2019 at a floor price ...