Page 56 - Latest Updates on SEBI
Market regulator Sebi bars Suumaya Industries' promoters for alleged fraud
The promoter members, including Ushik Gala and Ishita Gala, held key positions such as managing director (MD) and chief executive officer (CEO) at different intervals
 "Market regulator Sebi bars Suumaya Industries' promoters for alleged fraud")
PC Jeweller settles Sebi case for Rs 7.23 crore over LODR violations
Sebi had issued a show-cause notice to the company in February 2024 for allegations of non-disclosure or delayed disclosure of defaults on loans
 "PC Jeweller settles Sebi case for Rs 7.23 crore over LODR violations")
Religare's independent directors say Burmans' open offer price low
Shareholders must evaluate the offer carefully and also not the conditions RBI has set for it, they say
 "Religare's independent directors say Burmans' open offer price low")
EPack Prefab Tech files IPO papers to raise Rs 300 cr via fresh issue
The IPO comprises fresh issues of shares worth Rs 300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday
 "EPack Prefab Tech files IPO papers to raise Rs 300 cr via fresh issue")
No grey areas: Regulated trading before listing will increase transparency
Transaction prices on the grey market are opaque and impossible to verify
 "No grey areas: Regulated trading before listing will increase transparency")
Market regulator Sebi to ease rules for i-bankers' Gift City transition
Regulator likely to drop norm that mandates domestic investment banks to obtain NOC for branching out at GIFT IFSC
Karamtara Engineering files draft papers with Sebi for Rs 1,750 cr IPO
The proposed IPO is a combination of a fresh issue of shares valued at Rs 1,350 crore and an offer for sale (OFS) of shares worth Rs 400 crore by promoters
 "Karamtara Engineering files draft papers with Sebi for Rs 1,750 cr IPO")
HDB Financial Services faces regulatory hurdles amid $1.5 billion IPO plans
HDB Financial Services is under scrutiny for alleged companies act violations linked to a $1.5 billion ipo. sebi's findings could lead to penalties or delays in ipo filings, impacting hdb's compliance
 "HDB Financial Services faces regulatory hurdles amid $1.5 billion IPO plans")
Sebi proposes Rs 250 SIPs with subsidised charges, incentives for inclusion
In a consultation paper released on Wednesday, Sebi outlined measures to address the cost concerns associated with smaller SIPs
Kent RO Systems files for IPO, promoters to sell over 10 million shares
The offer, which includes up to 10,094,568 equity shares, is aimed at achieving the benefits of listing on stock exchanges
 "Kent RO Systems files for IPO, promoters to sell over 10 million shares")
Samir Modi purchased 250 GPI shares in Sebi norm breach: Godfrey Phillips
This development is the latest in the ongoing family and company dispute, in which Samir and his brother Lalit are contesting their mother Bina over an inheritance
 "Samir Modi purchased 250 GPI shares in Sebi norm breach: Godfrey Phillips")
Market regulator Sebi plans steps to curb grey mkt trading in IPOs
Move also aims to improve price discovery
 "Market regulator Sebi plans steps to curb grey mkt trading in IPOs")
Bankers shouldn't get bad companies to markets who misuse IPO money: Buch
Speaking at an event organised by Association of Investment Bankers' of India (AIBI), Buch said the i-bankers know exactly when they are bringing a "pump and dump" company to the market
 "Bankers shouldn't get bad companies to markets who misuse IPO money: Buch")
Sebi to start pre-listing trading in IPO to curb grey market activity: Buch
Many IPOs in the recent past have seen very high subscriptions, and many of the issuances have also made huge listing-day gains which result in the grey market activity of passing on allotted shares
 "Sebi to start pre-listing trading in IPO to curb grey market activity: Buch")
Sebi proposes changes to net asset value calculation for overnight schemes
NAV represents the market value of an investor's mutual fund holdings and is a key metric for understanding the worth of their investments
 "Sebi proposes changes to net asset value calculation for overnight schemes")
Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%
Carlyle-backed Hexaware Technologies plans to raise Rs 9,950 crore through a pure offer for sale (OFS), with shares being sold by CA Magnum Holdings
 "Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%")
Sebi considers expanding SSE to attract more non-profit organisations
Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public
 "Sebi considers expanding SSE to attract more non-profit organisations")
Former directors of Paytm settle matter with Sebi for Rs 3.32 crore
Matter pertains to benefits paid to Vijay Shekhar Sharma and lapse in identifying promoter
 "Former directors of Paytm settle matter with Sebi for Rs 3.32 crore")
Market regulator Sebi opposes plea filed by Kirloskar Oil Engines in SAT
The advisory by Sebi on disclosure of DFS was administrative, thus the plea is non-maintainable, says Sebi
 "Market regulator Sebi opposes plea filed by Kirloskar Oil Engines in SAT")
Sebi relaxes on timeline for review of ESG rating on BRSR publication
Earlier in December, Sebi decided to defer the ESG disclosure deadline for value chain partners of listed companies by one year until FY26, giving more time to them to comply with the BRSR requirement
 "Sebi relaxes on timeline for review of ESG rating on BRSR publication")