September 24, 2024 20:06 (IST)
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SEBI investigations reveal six investment banks charged SMEs fees equal to 15% of IPO size: Report

SEBI investigations reveal six investment banks charged SMEs fees equal to 15% of IPO size: Report

Mumbai/IBNS: India’s securities regulator, the Securities and Exchange Board of India (SEBI), is investigating six domestic investment banks over concerns about malpractice in the country’s booming IPO market for small businesses, Reuters reported, citing two sources familiar with the matter.