Sebi alleges Synoptics used IPO funds to inflate own stock on market debut
Source: Live Mint The capital market regulator also barred the merchant banker involved from taking up new initial public offering (IPO) assignments. In a strongly-worded interim order issued on Tuesday, Sebi accused the two entities (the company and the merchant banker) of gross misuse of investor funds, including routing ₹2 crore to an individual who…