karvy

Scam-hit karvy Group on Tuesday said it has kicked off a restructuring exercise and has also initiated a major management reshuffle as part of efforts to improve overall governance and functioning.

With the second week of February drawing to a close, karvy Stock Broking Ltd (KSBL) has missed yet another self-declared deadline for clearing its client payouts, leaving many of its investors in the lurch.

Markets regulator Sebi’s ban on karvy Stock Broking has claimed the first scalp. Bowing to pressure from mutual funds, C Parthasarathy, karvy group’s chairman and managing director, has resigned from the board of karvy Fintech, which serves as registrar & transfer agent (RTA) to several fund houses.

The move comes a day after the market regulator Sebi's directive to NSDL to transfer the investors' securities, held by karvy Stock Broking Ltd (KSBL), in their respective accounts.

In a six-page order, Sebi whole-time member Anant Barua said that since karvy Stock Broking had violated several of Sebi’s circulars since October 1, it was not inclined to relax the part of its earlier order.

karvy Group chairman C Parthasarathy is in fresh trouble with Hyderabad Central Crime Station (CCS) sleuths slapping another criminal case against him for allegedly cheating investors by promising plots in a venture belonging to karvy Realty (India) Pvt Ltd. The latest case is the third one against karvy Group and its chairman.

karvy Group chairman C Parthasarathy is in fresh trouble with Hyderabad Central Crime Station (CCS) sleuths slapping another criminal case against him for allegedly cheating investors by promising plots in a venture belonging to karvy Realty (India) Pvt Ltd.

If you haven’t made a trip to the Western Ghats yet, where the wild Karvi flower is in full bloom, do plan a quick sojourn. After all, it will only bloom in 2024 next!

The Enforcement Directorate (ED) has arrested karvy Stock Broking Limited chairman and managing director (CMD) C Parthasarathy for allegedly laundering money. As the agency decided to seek custody, he was brought from Bengaluru and lodged in a city jail, ED sources said .

Markets regulator Sebi on Friday banned karvy Stock Broking from accepting new investors over alleged misappropriation of shares and funds of its clients — worth about Rs 2,000 crore, which is one of the largest amounts by a broker in India.

Top exchanges NSE and BSE on Monday suspended karvy Stock Broking, one of the biggest in India in terms of number of investor accounts, from all market segments for violating compliance norms by misappropriating shares and funds of clients worth over Rs 2,300 crore.

karvy Stock Broking not only illegally pledged clients’ shares but also held back their payments for months after investors sold through the troubled brokerage firm, it is learnt.

Mutual fund houses serviced by karvy Fintech, a karvy group company, are preparing to reach out to their investors to assure them about the safety of their investments with the respective fund houses.

The Karvi flowers that are endemic to Western Ghats and bloom once in seven years have been spotted at Gautala Autramghat wildlife sanctuary, located about 65km from here.

Mumbai, Jul 4 () karvy Computershare today said that its joint venture partner Computershare and some other existing shareholders have decided to exit the firm by selling their stakes to American PE firm General Atlantic, for an undisclosed sum.

The move comes after Sebi, through an order passed on November 22, barred karvy from taking new clients in respect of its stock broking activities and had also prevented it from using the power of attorney (PoA) given by clients after the broker was found to have allegedly misused clients' securities.

The Enforcement Directorate on Wednesday conducted searches at six locations in Hyderabad in connection with karvy stock broking scam.

Enforcement Directorate (ED) on Wednesday conducted searches at six locations in Hyderabad in connection with karvy stock broking scam.

Uncontrolled growth of the karvy shrub on the slopes of the Western Ghats is now being cited as a reason for bison leaving their habitat and entering the thick sugar cane fields and residential areas.