Machibet777 CasinoSebi warns IIFL Capital over due diligence in debt issues, stock trading flat

Markets regulator Sebi has warned IIFL Capital Services for lapses in due diligence for debt issues. The warning follows an inspection of debt issues managed between April 2022 and April 2024. The warning concerns disclosure of expenses and fee payment timelines. Despite this, IIFL Capital’s stock remains relatively stable, suggesting fundamental strength.

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Markets regulator Sebi has issued a warning to IIFL Capital Services regarding due diligence lapses in debt issues managed by its merchant banking division.
In a disclosure to stock exchanges, IIFL Capital confirmed receiving an administrative warning letter from Sebi, dated March 7, 2025. The warning follows an inspection conducted by the regulator, which reviewed debt issues handled by the company between April 1, 2022, and April 30, 2024, as per news agency PTI report.
Sebi raised concerns about the disclosure of individual break-ups of issue-related expenses and the timelines for fee payments to intermediaries in offer documents.
Following IIFL Capital’s response to these findings, Sebi issued the warning letter, citing observations on the due diligence process under the ICDR (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

The company clarified that Sebi’s action carries no financial implications.
Despite the development, as of 2:53 pm, IIFL Capital Services stock were trading at ₹204.39, down 0.27%, after fluctuating between ₹198.00 and ₹208.99 during the session.
While the regulatory scrutiny may weigh on sentiment, the company’s fundamentals-- P/E ratio of 8.62 and a dividend yield of 1.83%, suggest stability.

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