January 25, 1999
PR No. 28/1999
DIRECTION TO POPULAR SHARE AND STOCK BROKER
TO STOP ACTIVITIES AS A MERCHANT BANKER
PRIMARY MARKET DEPARTMENT
Due to the increase in the number of unresolved complaints against M/s Popular Shares and Stock Broker by their portfolio management clients,
SEBI has directed them not to accept any funds under their portfolio management schemes as well as not to accept fresh assignments as a merchant banker.
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