Sebi begins probe into DSP Mutual Fund’s sale of DHFL bonds
News of DSP Mutual Fund's sale of the AAA-rated bonds had triggered a 60% intraday crash in HDFL share price on 21 September
Mumbai: The Securities and Exchange Board of India (Sebi) has initiated an enquiry into DSP Mutual Fund selling bonds of Dewan Housing Finance Ltd (DHFL) in September, two people aware of the matter said. News of the sale had triggered a 60% intra-day crash in DHFL share price. “The market regulator wrote to the fund house earlier this month probing whether there was a violation of model code of conduct by the fund house, when it sold the highly rated paper at a loss," said the first of the two people cited above, both of whom spoke under condition of anonymity.