Page 32 - Latest Updates on SEBI
Cloud kitchens operator Curefoods files IPO papers; aims to raise Rs 800-cr
The proposed IPO is a combination of fresh issuance of shares worth Rs 800 crore, and an offer-for-sale of 4.85 crore equity shares by existing shareholders
 "Cloud kitchens operator Curefoods files IPO papers; aims to raise Rs 800-cr")
Pump & dump stock 'scam': Sebi seizes 'incrimating evidence' in search ops
Without disclosing specific details, the Securities and Exchange Board of India (Sebi) said as part of probing the scam, search and seizure operations were carried out at multiple locations
 "Pump & dump stock 'scam': Sebi seizes 'incrimating evidence' in search ops")
Sebi streamlines minimum information rules for RPTs from September
From September 1, companies must provide detailed certificates, valuations and disclosures to audit committees and shareholders for related party transactions
 "Sebi streamlines minimum information rules for RPTs from September")
Sebi conducts raids across country; cracks down on pump, dump schemes
Sebi has seized incriminating evidence through multiple search operations across cities as part of its investigation into fraudulent pump and dump stock schemes
 "Sebi conducts raids across country; cracks down on pump, dump schemes")
Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr
The proposed IPO of the Bengaluru-based company is a combination of a fresh issue of equity shares aggregating up to Rs 468.2 crore and an OFS of 5.84 crore equity shares by the selling shareholders
 "Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr")
Sebi extends investor-protection rule to passive mutual fund breaches
Timelines for portfolio rebalancing in schemes will now be applicable to all types of passive breaches across actively managed schemes
 "Sebi extends investor-protection rule to passive mutual fund breaches")
Jio Financial stock hits 6-mth high, soars 5% on heavy volumes; here's why
Jio Financial share price rises on Friday: BlackRock Broking Private Limited has received regulatory approval from the Sebi to commence operations as a brokerage firm in India.
 "Jio Financial stock hits 6-mth high, soars 5% on heavy volumes; here's why")
Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr
As part of the OFS route, Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore
 "Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr")
Mutual fund schemes renamed to align with the Sebi category norms
With Sebi's June deadline nearing, fund houses rename equity schemes to reflect category names and avoid investor confusion; more changes may follow
 "Mutual fund schemes renamed to align with the Sebi category norms")
Sebi extends portfolio rebalancing timelines to all passive breaches in MFs
A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs)
 "Sebi extends portfolio rebalancing timelines to all passive breaches in MFs")
Centre may speed up stake dilution in GIC Re, New India Assurance
As of now, the government holds 85.44 per cent in New India Assurance and 82.4 per cent in GIC Re
 "Centre may speed up stake dilution in GIC Re, New India Assurance")
Sudeep Pharma files DRHP with Sebi for IPO, plans major capex expansion
Sudeep Pharma's IPO consists of a fresh issue of equity shares aggregating to ₹95 crore, and an OFS of 10.07 million equity shares
 "Sudeep Pharma files DRHP with Sebi for IPO, plans major capex expansion")
Sebi tightens oversight on trading members' compliance post-inspection
Trading members, including trading houses and brokerages, have to submit a compliance status report within timelines set by the Sebi
NSE offers $160 mn to settle dispute with Sebi, move ahead with IPO
India's biggest bourse and the world's most active derivatives exchange has been embroiled in litigation with the Securities and Exchange Board of India (Sebi) since 2019
 "NSE offers $160 mn to settle dispute with Sebi, move ahead with IPO")
GNG Electronics IPO gets Sebi nod; seeks to raise ₹450-cr via fresh issue
GNG Electronics IPO comprises a fresh issue of equity shares aggregating up to 450 crore, along with an OFS of up to 5.1 million equity shares
 "GNG Electronics IPO gets Sebi nod; seeks to raise ₹450-cr via fresh issue")
Sebi proposes ED roles, new norms to strengthen governance at MIIs
The regulator has proposed appointing two executive directors to MII boards for regulatory compliance and operations, with defined roles distinct from the MD
 "Sebi proposes ED roles, new norms to strengthen governance at MIIs")
Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025
The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal
 "Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025")
Best of BS Opinion: Startups get a boost, higher education needs a leg-up
From Sebi's bold moves to the crisis in higher education, sustainability in rice farming to Iran's nuclear ambitions, today's pieces touch upon key issues that policymakers must grapple with
 "Best of BS Opinion: Startups get a boost, higher education needs a leg-up")
Attractive listing: Sebi eases IPO, delisting norms for startups, PSUs
The clarifications regarding the issuance of employee stock ownership plans (Esops) in startups have brought relief to founders
 "Attractive listing: Sebi eases IPO, delisting norms for startups, PSUs")
Sebi bans two from markets for 3 yrs; impounds illegal gains of ₹4.83 cr
Apart from the securities market ban, the regulator also slapped a penalty of Rs 25 lakh each on Shivprasad Pattiya and Alkesh Narware
 "Sebi bans two from markets for 3 yrs; impounds illegal gains of ₹4.83 cr")