Karvy pledged clients’ securities to raise funds: Registrar of Companies
TNN / Aug 04, 2020, 13:40 (IST)
Karvy Stock Broking Ltd (KSBL) raised loans by pledging shares of its clients and diverted around ₹1,100 crore to group companies like Karvy Realty, the Registrar of Companies (RoC), Hyderabad, has said its report to the Union ministry of corporate affairs (MCA) and other statutory authorities.