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Authored by divya

Karvy Fintech is now KFIN Technologies

MirchiPataka:Karvy Fintech has been renamed as KFIN Technologies after Karvy Stock Broking plunged into crisis. According to a Sebi order on 22 November, Karvy illegally pledged client securities with lenders and raised money, which was diverted to its real estate business. SEBI barred Karvy from signing up new clients and stopped lenders from accessing the shares. Bajaj Finance, which claims to have lent ₹345 crores to Karvy, is one of the lenders affected by the Sebi order.

Read More: Mirchi Pataka

URL: www.mirchipataka.com

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