Karvy Group splits business in 2 verticals; non-fin businesses to be housed in separate arm1 min read 31 Dec 2019, 06:41 PM IST
Securities held by KSBL were used by the brokerage for borrowing from the lenders courtesy the PoA
Details of who will be heading the non-financial services vertical were not shared by the Hyderabad-based company
MUMBAI : Over a month after it was barred by Sebi from taking new clients for misusing clients' securities, the troubled Karvy Group on Tuesday announced corporate restructuring to separate non-financial businesses from the financial ones.
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