Sebi's one-time settlement scheme fetches a dismal Rs 10-12 crore

Sources say that despite the cold response, the regulator was not in favour of extending the deadline of the scheme

The Securities and Exchange Board of India’s (Sebi’s) one-time settlement scheme, which ended on Thursday for entities allegedly involved in manipulating illiquid stock options, has received a muted response.
 

According to sources, about 250 entities took the opportunity, which had mopped up a mere Rs 10-12 crore.
 

“This is an initial estimate and the figures were reported till Tuesday. There is high probability that the numbers could be revised upward because the scheme is open till midnight on Thursday,” said a person privy to the development.
 

While an official target has not been announced, the regulator is expected to collect