Sebi Issues Warning to JM Financial for Non-Compliance

Jan 03, 2025 18:16

Sebi has issued an administrative warning to JM Financial for regulatory non-compliance related to an IPO of Western Carrier (India) Ltd. The warning has no impact on JM Financial's operations.

New Delhi, Jan 3 (PTI) Capital markets regulator Securities and Exchange Board of India (Sebi) has issued an administrative warning to JM Financial for regulatory non-compliance.

Sebi issued a letter on January 2, JM Financial said in a regulatory filing.

"Issuance of administrative warning to the company in relation to the initial public offering of equity shares by one of its clients namely Western Carrier (India) Ltd," it said.

There will be no impact on financial, operations or other activities of the company, it added.

Source: PTI

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Sebi Issues Warning to JM Financial for Non-Compliance

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