Found serious violations of IPO norms: UK Sinha
In an exclusive interview to NDTV Profit, Securities and Exchange Board of India (Sebi) Chairman UK Sinha says that instances of misutilisation of IPO proceeds were found against the seven firms barred by the market regulator. This action will send a message to everybody in the market that if they try to meddle with the rules, they will be subject to serous action, he adds.
