Denied relief by Sebi, Karvy’s lenders look at DRT, IBBI options
- Lenders are also considering a move to sell minority stakes in the sister concerns of Karvy Stock Broking
- ICICI Bank on 20 Dec became the first lender to approach the Hyderabad DRT for recovery of dues
Mumbai: Lenders to Karvy Stock Broking Ltd have started exploring other avenues after failing to secure any relief from the Securities and Exchange Board of India (Sebi) on client shares pledged by the brokerage.
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