SEBI bars JM Financial from accepting new public debt issues as lead manager

Mumbai (Maharashtra) [India], March 7 (ANI): The Securities and Exchange Board of India (SEBI) has banned JM Financial from accepting new mandates as a lead manager for public issues of debt securities.

This comes days after the Reserve Bank of India (RBI) directed JM Financial to stop from any form of financing against shares and debentures, including sanction and disbursal of loans against Initial Public Offering (IPO)