Sebi stops Trafiksol ITS Technologies IPO over alleged Rs 45 crore irregularities; investigation underway.

The Securities and Exchange Board of India (Sebi) has halted the IPO listing for Trafiksol ITS Technologies, citing alleged irregularities in a Rs 45 crore offering. Complaints regarding potential misuse of IPO funds, including questionable software purchases from a shell company, prompted the investigation. Sebi is reviewing the company's disclosures and has mandated that IPO proceeds be held in an escrow account. Investors are seeking refunds due to the suspension.

Articles

Financial Express

Times of India

Free Press Journal

Livemint

Moneycontrol

The Economic Times

Business Standard

-- show less --

Further Reading

Related Stories