Securities and Exchange Board of India (SEBI) has initiated the third tranche for distribution of Rs14.87 crore to 2.58 lakh investors from the disgorged and recovered amount in the matter of initial public offering (IPO) irregularities from 2003 to 2005.
In a press release issued on August 24, the Securities and Exchange Board of India (Sebi) said that on August 17 it started the distribution of Rs 14.87 crore to 2.58 lakh investors, which is the third tranche of the disgorged/recovered amount