SEBI fined Optionsmaster Research Advisory Services and Om Consultancy ₹12 lakh for providing unregistered investment services, and ordered them to repay ₹5.22 crore collected from consumers.
The capital markets regulator Sebi told four businesses on Monday to stop providing unlisted securities for public subscription on their platforms.
The entities are: AI Growth (owner of altGraaf), Texterity (operator of altGraaf), Purple Petal Invest (owner and operator of Tap Invest), and Berkelium Technologies (owner and operator of Stable Investments).
Tap Invest, altGraaf, and Stable Investments were the three unregistered internet portals that allowed the sale of privately placed NCDs.
