In a resolute move to safeguard investor interests, the Securities and Exchange Board of India (Sebi) has once again wielded its regulatory authority, this time against Varanium Cloud and its managing director. The firm stands accused of illicitly diverting funds procured through its initial public offering (IPO) towards unauthorized entities and engaging in other fraudulent … Read more
In a decisive move aimed at upholding market integrity, the Securities and Exchange Board of India (SEBI) has taken stringent action against Varanium Cloud and its promoter, Harshwardhan Hanmant Sabale. The regulatory body has barred both entities from participating in securities markets until further notice, citing egregious mismanagement of funds raised through an initial public … Read more
Shares of Indegene Ltd made a robust debut on Dalal Street, opening at a premium of 46.95% over their issue price of Rs 452 apiece. However, the initial exuberance faded as the trading session progressed, with the stock shedding 20% from its peak of Rs 659.70 to settle at Rs 527.80. The sharp decline in … Read more