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
India’s small and medium enterprises (SMEs) have long been considered the backbone of the nation’s economy, driving innovation, employment, and economic growth. However, recent events have cast a shadow over this vibrant sector, as concerns regarding fraudulent activities in SME initial public offerings (IPOs) have come to light. In a recent crackdown, India’s securities regulator … Read more