[Investors] SEBI asked to offer withdrawal option to MBL Infrastructures IPO investors due to company's failure to disclose a dispute with State of Jharkhand in its Red Herring Prospectus.

SEBI asked to offer withdrawal option to MBL Infrastructures IPO investors due to company's failure to disclose a dispute with State of Jharkhand in its Red Herring Prospectus.

Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on December 22, 2009.

This may cause some delay in share allotment and refund for MBL Infrastructures IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.

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