SEBI Finds Some GDR Funds Misused
  • Elizabeth George
  • Sep 19 2013

September 19: SEBI has found misuse of funds raised by companies via GDRs. Bloomberg TV India learns that SEBI's investigation found that money was raised to retire debt but used for some other purposes altogether. Now the regulator has proposed a mechanism to closely oversee the use of such funds. Bloomberg TV India gives you the details of the investigation and how SEBI plans to tackle the problem.