Forfeited amount of refund warrants raised to 15pc
May 04, 2010 00:00:00
The securities regulator has raised the forfeited amount to 15 percent from 10 per cent of the refund warrants of unsuccessful applicants as penalty for submitting duplicate applications for Initial Public Offering (IPO). The Securities and Exchange Commission (SEC) took this decision Sunday in its commission meeting. — FE Report
