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Sebi imposes Rs. 1 crore fine on six merchant bankers

Capital Market regulator Sebi on Friday imposed Rs. 1 crore fine on six merchant bankers for disclosure-related lapses in the IPO of credit rating agency CARE.

The merchant bankers fined by Sebi are Kotak Mahindra Capital, DSP Merrill Lynch, Edelweiss, ICICI Sec, IDBI Capital Market and SBI Cap.

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