PRESS RELEASE
PR-260/2006
Prohibition on opening of fresh demat accounts by HDFC Bank Ltd., lifted
Dr. T.C.Nair, Whole Time Member, SEBI has vide his post hearing order passed on November 23, 2006 in the matter of Initial Public Offering (IPO) Investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by the HDFC Bank Ltd., a Depository Participant be lifted. The order further states that all issues and contentions are left open to be considered by the Enquiry Officer appointed by SEBI and to be decided in subsequent proceedings pursuant to his report.
The full text of the above order is available on the website: www.sebi.gov.in
Mumbai
November 23, 2006
