The order came after MRN Chamundi filed a suo motu settlement application under the norms proposed to settle by neither "admitting nor denying the findings of fact and conclusions of law"
New order following SAT directions to recalculate the disgorgement and penalty amounts
These provisions will not be applicable in the case of non-individual clients, accredited investors, and in case of institutional investors seeking the recommendation of a proxy adviser
Market experts suggest that this extension will give NSDL ample time to ready itself for the Initial Public Offering (IPO) and to launch it when market conditions are more favourable
The exchanges have also revised the list of instances that will be considered a technical glitch, excluding those where the broker is not at fault
Sources say diversified shareholding may create challenges in fundraising, will add complexities
The order came after the applicant (Link Intime India) proposed to settle the instant proceedings initiated against it, without "admitting or denying the findings of facts and conclusions of law"
While disposing of Moitra's plea, the bench said once such a representation would be made, the same be considered in accordance with law
"The interim relief granted earlier shall continue until further orders," HC said posting the matter for further hearing on May 7
The IPO is solely a fresh issue with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on March 30.
The company seeks to raise up to ₹2,000 crore from the public issue, which comprises both a fresh issue as well as an offer for sale of equity shares
Proceeds from the fresh issue to the tune of ₹37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle
The company may also consider a pre-IPO placement of up to ₹192 crore
As per a circular issued on Friday, any breaches of existing limits will not attract penalties - for now - following concerns raised by industry stakeholders
Underscores steps taken to bolster technology, governance
If a company discloses ESG information about its value chain, it is also required to disclose the percentage of total sales and purchases covered by this information
The regulator noted that Nikhil, through Om Prakash, Manju, Neha and Nidhi's accounts, engaged in front running trades for six years
Sebi said 15 per cent of the units allotted to sponsors and sponsor groups will be locked in for a period of three years from the date of trading approval granted for the units
Under this, mutual funds will have to submit the daily data in a monthly file as per the specified formats on a quarterly basis within 15 calendar days from end of the quarter, said Sebi
Sensex Today | Stock Market Highlights on Friday, March 28, 2025: The Nifty Midcap100 and Nifty Smallcap100 indices closed with losses of 0.32 per cent and 0.15 per cent, respectively