Sebi confirms interim direction; bans JM Financial from managing debt public issues till Mar 2025

SEBI confirmed restrictions on JM Financial, barring it from leading debt issuances until 2025. The firm also pledged to discontinue its subsidiary’s IPO financing business. SEBI confirmed restrictions on JM Financial, barring it from leading debt issuances until 2025. The firm also pledged to discontinue its subsidiary’s IPO financing business.  Economic Times