India markets regulator bars JM Financial from managing new bond issuances

JM Financial

07/03/2024 12:04

BENGALURU, March 7 (Reuters) - India's markets regulator
on Thursday barred JM Financial  JMSH.NS  from taking new
mandates to act as manager for bond issuances, it said in an
interim order. 
    JM Financial can, however, act as lead manager for public
issues of debt for another 60 days, the Securities and Exchange
Board of India (SEBI) said.

 (Reporting by Sethuraman NR in Bengaluru; Editing by Mrigank
Dhaniwala)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))