Sebi bans Yash Birla from market for 2 years

Regulator Sebi has banned Yashovardhan (Yash) Birla from the market for two years. The action is due to misutilisation of funds collected through the initial public offering (IPO) of Birla Pacific Medspa in mid-2011, including using the proceeds from the offer to manipulate the stock price.

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