Sebi directs investigation into Trafiksol IPO disclosures; orders BSE to halts share listing

SEBI has launched an investigation into Trafiksol ITS Technologies' IPO disclosures and directed BSE to halt the company's share listing. Complaints about the use of IPO funds for software procurement prompted the probe. Funds are to be held in escrow, pending further examination.

Oct 11, 2024 - 22:00

Sebi directs investigation into Trafiksol IPO disclosures; orders BSE to halts share listing

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SEBI has launched an investigation into Trafiksol ITS Technologies' IPO disclosures and directed BSE to halt the company's share listing. Complaints about the use of IPO funds for software procurement prompted the probe. Funds are to be held in escrow, pending further examination.