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According to SEBI, Angel Broking took advantage of the money it raised by pledging client securities. Which were for purposes other than the obligations of the individual clients.
Angel Broking is looking forward to making its debut on October 5 after its Rs 600-crore initial public offering.
Angel Broking’s initial public offer (IPO) will be opening on 22nd September and close on 24th September. The stock brokerage firm is planning to raise up to Rs. 600 crore in the three day share sell.
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