Ipo Proceeds

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SEBI bans Paramount Printpackaging, officials from capital markets for 5 years for IPO fund diversion
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SEBI bans Paramount Printpackaging, officials from capital markets for 5 years for IPO fund diversion

A probe by SEBI found that Paramount misutilised the proceeds of the IPO and also diverted the funds to entities that did not provide any service and goods as contracted.