Question
Recently SEBI has penalises how many entities for
diverting IPO proceeds in Birla Pacific Medspa case?Solution
Capital markets regulator SEBI has imposed penalties totalling Rs 3.42 crore on 10 entities, including Birla Pacific Medspa and Yashovardhan Birla, for violating listing agreements as well as diverting proceeds from the initial public offer of Birla Pacific Medspa Ltd. The regulator imposed a fine of Rs 1.07 crore on Birla Pacific Medspa Ltd, Rs 32 lakh on Abhijit Desai, Rs 26 lakh on PVR Murthy and Rs 25 lakh each on Yashovardhan Birla, Venkateshwaralu Nelabhotla, Mohandas Adige, Anoj Menon, Rajesh Shah, Upkar Singh Kohli and Tushar Dey. Learn Along: SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch When a private company first sells shares of stock to the public, this process is known as an initial public offering (IPO). In essence, an IPO means that a company's ownership is transitioning from private ownership to public ownership. For that reason, the IPO process is sometimes referred to as going public.
For Systemically Important Core Investment Companies (NBFC -CIC- SI), the asset size is Rs _______ crore.
Which financial metric is used to measure a company's ability to pay its short-term obligations?
Which committee recommended the introduction of the concept of "Priority Sector Lending" in India?
Which private sector bank recently announced significant leadership changes, including the re-designation of KVS Manian?
Who was the first President of Asian Development Bank (ADB)?
Which of the following is a tool of monetary policy?
How many projects worth ₹50 crore were inaugurated under PMMSY in northeastern states?
Which regulatory body oversees the securities market in India?
What is the maximum period for which a Public Sector Bank (PSB) can hold a NonPerforming Asset (NPA) before it must be classified as a loss asset?
Which of the following is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor?
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