Sebi refuses any relief to lenders of Karvy – Livemint

Sebi observed that all the pledged shares came from client accounts and the lenders did not exercise proper ‘due-diligence’.The market regulator also found the lenders lapsing as they merely relied on Karvy’s assertions that the pledged shares belonged to the… Read More

reported by Jayshree P. Upadhyay at Livemint.com