Sebi ticks off bookrunners of EbixCash over disclosure rules

September 7, 2023

The regulator, in an ‘administrative warning’ to the five book-running lead managers Motilal Oswal Investment Advisors, Equirus Capital, ICICI Securities, SBI Capital Markets, and Yes Securities, accused them of neglecting proper disclosures in the draft red herring prospectus (DRHP) of EbixCash, said people aware of the development.

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