Page 38 - Latest Updates on SEBI
Shiprocket plans to raise ₹2K cr-2.5K crore via confidential IPO route
Logistics unicorn Shiprocket is preparing a ₹2,000-2,500 crore IPO comprising fresh issue and OFS, with proceeds likely to go into tech, warehousing, and expansion
 "Shiprocket plans to raise ₹2K cr-2.5K crore via confidential IPO route")
Sebi orders Mehul Choksi to pay ₹2.1 crore for insider trading breach
Sebi has issued a ₹2.1 crore notice to Mehul Choksi for insider trading in Gitanjali Gems and warned of asset seizure; he also faces a court warrant in a ₹55 crore fraud case
 "Sebi orders Mehul Choksi to pay ₹2.1 crore for insider trading breach")
Sebi revises norms, bars managing directors from MIIs' audit committees
Sebi excludes Executive Directors including MDs from audit committees of MIIs and mandates stricter internal audit norms based on industry feedback and SMAC inputs
 "Sebi revises norms, bars managing directors from MIIs' audit committees")
Sebi probes six IndusInd Bank officials over insider trading claims: Report
India's market regulator Sebi is investigating six IndusInd Bank officials for allegedly selling stock options while aware of undisclosed accounting discrepancies
 "Sebi probes six IndusInd Bank officials over insider trading claims: Report")
Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches
"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary
 "Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches")
Mint Road's enforcement framework shifts focus to governance premium
The woes at IndusInd Bank have put the spotlight back on a key initiative the banking regulator's Enforcement Department set rolling in FY24
 "Mint Road's enforcement framework shifts focus to governance premium")
Sebi mandates e-book mechanism for private debt securities above Rs 20 cr
The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider (EBP) platform
Sebi eases cash flow disclosure norms in corporate bond database framework
This move is aimed at streamlining and simplifying the process of trade execution on the RFQ platform
Sebi resolves 4,239 investor complaints via SCORES platform in April
SCORES, or Sebi Complaint Redressal System, is an online platform which facilitates investors in lodging and tracking complaints
 "Sebi resolves 4,239 investor complaints via SCORES platform in April")
Public-promoter confusion deepens with switches across companies
In many instances, same shareholder is both public and promoter
 "Public-promoter confusion deepens with switches across companies")
NCLT to hear Ireda's plea seeking insolvency against Gensol Engineering
NCLT to hear Ireda's plea against Gensol Engineering over a ₹510 crore default, but denies appointment of an IRP, citing the need to hear the company's side first
 "NCLT to hear Ireda's plea seeking insolvency against Gensol Engineering")
AIFs seek Sebi help to address inter-regulatory issues and ease norms
AIF industry officials believe that such a platform could help address operational hurdles in domestic capital formation
 "AIFs seek Sebi help to address inter-regulatory issues and ease norms")
Sebi urges Karvy investors to file claims before June 2 deadline approaches
Markets regulator Sebi on Friday asked investors of defaulted broker Karvy Stock Broking Ltd (KSBL) to file their claims, as the deadline of June 2 is approaching.
 "Sebi urges Karvy investors to file claims before June 2 deadline approaches")
Sebi extends deadline for FPI ODI issuance framework to Nov 17
The framework provides for additional disclosures to be made by ODI subscribers and FPIs (Foreign Portfolio Investors) with segregated portfolios
 "Sebi extends deadline for FPI ODI issuance framework to Nov 17")
Sebi bans Varyaa Creations from securities mkt over IPO proceeds diversion
The shareholdings of seven promoter group entities have been frozen until further directions, according to an interim order passed by Sebi on Wednesday
SAT allows Gensol Engineering to file its response to Sebi interim order
In a regulatory filing, the company said the appeal filed by it before the SAT has been disposed of, granting it an opportunity to file its response to Sebi's interim order within two weeks
 "SAT allows Gensol Engineering to file its response to Sebi interim order")
Sebi bars Varyaa Creations, freezes promoters' shares over IPO misuse
Sebi has debarred Varyaa Creations from markets, citing diversion of 71% of IPO funds; lead manager also barred, promoter group shares frozen pending investigation
Sebi warns investors as Strata exits SM REIT framework post legal row
Strata, with Rs 2,000 crore AUM, had not launched SM REIT schemes before surrendering its registration following Sebi discussions and legal proceedings
Sebi updates investor charter for RTAs to enhance protection, literacy
Under this, all RTAs (Registrars to an Issue and Share Transfer Agent) are required to share the updated Investor Charter on their websites and via email to existing and new shareholders
Groww Invest Tech pays Rs 47.85L to Sebi, settles regulatory lapses case
The order came after the broking company filed an application with Sebi 'without admitting or denying the facts and conclusion of law'