SAT upholds Sebi’s order halting trading of Trafiksol ITS Technologies
Fri, Jan 24, 2025 5:02 PM

SAT upholds Sebi’s order halting trading of Trafiksol ITS Technologies

A Flip by Shubhangi Gupta
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The Securities Appellate Tribunal (SAT) has upheld the Securities and Exchange Board of India’s (Sebi) decision, ordering Trafiksol ITS Technologies Ltd to refund ₹45 crore to investors and halt its share listing. This ruling follows Sebi’s 3 December order, which found the company in violation of multiple regulations related to its SME initial public offering (IPO).

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