Page 48 - Latest Updates on SEBI
Rising stock market frauds puts Sebi on high alert; calls for swift action
Broker lookalikes and scam apps draw regulator's second caution notice
 "Rising stock market frauds puts Sebi on high alert; calls for swift action")
Logistics firm Shiprocket confidentially files draft papers for IPO
Shiprocket's IPO will include a fresh issue and offer for sale; proceeds to fund tech upgrades, acquisitions, and expansion of logistics and warehousing capacity
 "Logistics firm Shiprocket confidentially files draft papers for IPO")
Sebi warns investors about stock market scams via social media platforms
The market regulator issued the advisory statement in response to the growing number of frauds and scams that lure investors with false promises of outsize returns
 "Sebi warns investors about stock market scams via social media platforms")
ASCI calls for regulatory clarity on opinion trading and its advertising
ASCI added that in some markets, it is regulated as a financial instrument, but in some others, it falls under gambling laws
 "ASCI calls for regulatory clarity on opinion trading and its advertising")
Sebi nod to seven IPOs including Credila Financial and Sri Lotus Realty
Credila's Rs 5,000 crore IPO, Sri Lotus' Rs 792 crore issue among offerings approved by Sebi as market sentiment lifts public listing momentum
 "Sebi nod to seven IPOs including Credila Financial and Sri Lotus Realty")
Sebi threatens two offshore funds holding Adani Group shares with penalties
Indian regulations require that at least 25% of the shares of listed companies be held by public shareholders
 "Sebi threatens two offshore funds holding Adani Group shares with penalties")
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 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")