Karvy Fallout: Lenders may cut exposure to brokers.
Exchanges cite non-compliance with market rules.
Some listed companies, especially due to their family-driven nature, have been found to be wanting on the related-party transactions.
All material information has been disclosed by the company as per Sebi norms and the firm's materiality policy.
Investors should draw their own conclusions. Whatever we have to do, we are doing, said Sebi chief Ajay Tyagi.
Reasons for withdrawal of the offer documents have not been disclosed.
Sources said the SEBI will provide all possible help to the US Securities and Exchange Commission (SEC).
In Indian NFRA - which is part of the corporate affairs ministry - has been asked to look into the matter.
The buyback price is more than the double of the current share price, which is ruling at Rs 43.40 on the BSE.
The stock of India's largest private sector airline declined 2.22 per cent at Rs 1829.35, on the BSE.