Corporate News
Karvy crisis deepens as Sebi pegs misuse at Rs. 2,800 crore

The mess at Karvy Stock Broking Ltd seems to be much bigger than first believed. The markets regulator now estimates the misuse of client securities by the broker at Rs. 2,800 crore, 40% more than the Rs. 2,000 crore it determined earlier, two people with direct knowledge of the matter said.

News Source:- https://www.livemint.com/companies/news/karvy-crisis-deepens-as-sebi-pegs-misuse-at-2-800-crore-11575221101093.html