The Securities and Exchange Board of India (SEBI) has barred Commex Technology and two of its former directors from the capital markets in a matter related to manipulation in issuance of a global depository receipts (GDR). Commex Technology has been barred for five years and its former directors -- Adi Cooper and Kishore Hegde -- for two years, as per SEBI’s order dated February 28.
Commex Technology offers end-to-end services; from Technology Resource Consulting- Verification and Validation to Infrastructure Management Services. The company also provides software products to Capital & Commodity markets.
