Capital markets regulator Sebi on Monday directed four entities to cease and desist from offering 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 online platforms to facilitate the sale of privately placed NCDs.
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