March 24, 1998
PR No. 62/1998

CANCELLATION OF MERCHANT BANKING REGISTRATION

PRIMARY MARKET DEPARTMENT

The Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of M/s Mudra Ispat Limited, Category I Merchant banker w.e.f. March 9, 1998 for not submitting information as prescribed by SEBI on employees involved in merchant banking activities in terms of Regulation 37 read with Regulation 36(1)(ii)(a) of SEBI(Merchant Bankers) Rules and Regulations, 1992.