Market regulator Securities and Exchange Board of India (Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors.
The company, whose landmark projects include the New Parliament Building in New Delhi and Atul Setu in Mumbai, derives above 20% of its projects from
The company, which debuted in the unlisted market nearly a year ago at ₹300 apiece, has seen its valuations soar to ₹900 per share. Investment
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