PRESS RELEASE - SEBI

March 20, 1998
PR No. 58/1998

MERCHANT BANKERS CANCELLED BY SEBI DURING THE MONTH FEBRUARY 
MERCHANT BANKING DIVISION

Registration of the Merchant Bankers given in the Annexure have expired during the period 01/02/98 to 28/02/98. These Merchant bankers have also not filed application for renewal of registration. Accordingly these entities have been advised to cease their Merchant Banking activities from the date of expiry of their registration.
 

Annexure
Sr.No. Name of the Merchant Banker Category Reg.Till Date
1
AXIOME
IV
15.02.98
2
Amrut Credit Corporation (I) Ltd
I
28.02.98
3
Aryan Capital Services (P) Ltd
IV
28.02.98
4
Avon Capital Services Ltd
II
28.02.98
5
Birla Financial Corporation Ltd
I
28.02.98
6
Bonanza Business Services Pvt Ltd
IV
15.02.98
7
Credential Finance Ltd
I
28.02.98
8
Farsight Consultants Pvt Ltd
IV
15.02.98
9
HDFC Bank Ltd 
I
15.02.98
10
Kalani Industries Ltd
II
15.02.98
11
Pallonji Leasing Pvt Ltd
III
28.02.98
12
Pecific Capial Markets Pvt Ltd
IV
28.02.98
13
Pittie Finance Ltd
I
15.02.98
14
Shanteri Investment Pvt Ltd
IV
15.02.98
15
Stellar Equity Mgmt. Ser Pvt Ltd
III
28.02.98
16
Syncrofin Services Pvt Ltd
IV
15.02.98
17
Trendz Finanz Ltd
I
28.02.98
18
Venturecorp Consultants Pvt Ltd
IV
15.02.98
19
Yash Management & Financial Ser Ltd
I
15.02.98