sebi:Order/MC/VS/2021-22/15158-15161
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated March 21, 2013 disposed of; alleged violations not established; no penalty imposed
Provisions invoked
- s. 15
- s. 12
- s. 15J
Regulations
- Reg. 3
- Reg. 200
- Reg. 86(3)
- Reg. 99
- Reg. 86
- Reg. 28
Parties
- Rikhav Brokers Pvt. Ltd. (presently known as 4G IT Solutions (India) Pvt. Ltd.)
- AHL Investment Consultants Pvt. Ltd.
- Manba Investment & Securities Pvt. Ltd.
- Manba Broking Services Pvt. Ltd.
Holding
The allegation that the Noticees made bid applications in the IPO of Vaswani Industries Ltd. to artificially inflate the bid book at the highest price and create misleading interest is not established, and the adjudication proceedings are disposed of without penalty.
Full text
Adjudication Order in respect of Rikhav Brokers Pvt. Ltd. (presently known as 4G IT Solutions (India) Pvt. Ltd.) and 3 others in the matter of Initial Public Offer of Vaswani Industries Ltd.
Adjudication Order in respect of Rikhav Brokers Pvt. Ltd. (presently known as 4G IT Solutions (India) Pvt. Ltd.) and 3 others in the matter of Initial Public Offer of Vaswani Industries Ltd.
Adjudication Order in respect of Rikhav Brokers Pvt. Ltd. (presently known as 4G IT Solutions (India) Pvt. Ltd.) and 3 others in the matter of Initial Public Offer of Vaswani Industries Ltd.
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Source: SecMarx — sebi:Order/MC/VS/2021-22/15158-15161. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.