Investors ransack Karvy office over refund in Reliance Power IPO

Mar 05, 2008 Stock Market

Karvy Consultants at CG Road, Ahmedabad was witness to ugly scenes as some investors who did not get a refund of money put in the Reliance Power IPO, barged into their office and ransacked it. The company lodged a complaint against the intruders at the Navrangpura police station.

The investors said they had invested their money in the IPO and completed all the formalities for getting the refund. Karvy officials however said the Client Id did not match, hence it was not possible to process the refunds.

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Ram

VERY RIGHT WAY TO FIGHT WITH THEM.

KARVY ARE MAKEING US FOOL AND RELIANCE POWER ALSO
WITH HIM.

THEY ARE GENERATING INTEREST FROM INVESTORS MONEY USING IN THEIR FAVOUR.
Ram

VERY RIGHT WAY TO FIGHT WITH THEM.

KARVY ARE MAKEING US FOOL AND RELIANCE POWER ALSO
WITH HIM.

THEY ARE GENERATING INTEREST FROM INVESTORS MONEY USING IN THEIR FAVOUR.
Naresh

Relaince are crooks and Karvy are even bigger crooks. Their only intention is to screw investors who put money in their IPO. They will take money very fast, but for returning, it will take ages now !!
Naresh

Relaince are crooks and Karvy are even bigger crooks. Their only intention is to screw investors who put money in their IPO. They will take money very fast, but for returning, it will take ages now !!