Sebi bans Synoptics Tech, promoters from securities market for IPO fund diversion
New Delhi, Markets regulator Sebi on Tuesday restrained Synoptics Technologies Ltd (STL) and its promoters from securities market following allegations of siphoning off IPO proceeds. Apart from Synoptics, the company’s promoters Jatin Shah, Jagmohan Manilal Shah and Janvi Jatin Shah were also barred by the regulator. In an interim order, the regulator, said “the examination…