IPO Scam: Cigniti Technologies IPO Listed Without SEBI Permission in 2005

 



Cigniti cum Coforge Compliance officer in the SCORES reply confirmed that they Listed in Hyderabad Stock exchange in 2005 without SEBI NOC and later at NSE -BSE as direct listing in 2012 as per reply . It is fraud with investors . Any time FIR can be filed for this SEBI act violation with section 15 HA action like Sahara case. It is interest free money without SEBI permission as per Company act 1956. Hyderabad exchange officials took bribe from companies and list their shares without SEBI compliance . As per SEBI 1992 circular all exchanges has to follow SEBI compliance before listing the shares ie SEBI NOC. By foul  play Cigniti listed at Hyderabad exchange and later listed at BSE and NSE by direct listing guidelines . Promoters sold 45 percent of their shares to public and got huge fund for business promotion. It is interest free money without SEBI NOC . 

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