KarvyComputerShare Private Limited
Refund for reliance Power IPO

My application number is 11101273

Its going to be more than a month since I applied for shares in Reliance Power, I am yet to receive my refund for the same. The registerar to the issue does not respond to any emails written in this regard.

Also there seems to be a mentality to withhold the money as long as they can possibly do it. Despite the fact that all the banks through their MICR number can receive a direct credit, Karvy prefers to send cheques to delay the payment. It is so frustrating for those investors who stay outside India & cannot deposit their indian currency cheques where their indian banks do not have a branch. So their waiting time only increases. karvy has done this to me earlier also in Religare IPO & looks like I will have to fight again for this refund & wait for some 3 months before I get access to my money.

It is so shameful that they should get away with these practices.

Company: KarvyComputerShare Private Limited
Country: India

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