Regional Merchant Bankers

Capital markets regulator Sebi on Thursday streamlined the procedure of obtaining prior approval for the proposed change in control of merchant bankers and bankers to an issue. The new process will be applicable from September 1, the Securities and Exchange Board of India (Sebi) said in a circular. Under the process, the intermediary will have to make an online application to Sebi for prior approval through its intermediary portal. The online application in the portal would be accompanied by information about itself, the acquirer, the person who will have control and the directors or partners of the acquirer. This information includes the current and proposed shareholding pattern of the intermediary, details about any pending investors' complaints, details of litigation, and confirmation that all the fees due to Sebi have been paid. In addition to this procedure, in case the incumbent intermediary is a registered stock broker, clearing member, or depository participant, it will hav

India's Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday

India's Bank of Baroda plans to raise at least 5 billion rupees ($62.52 million) through sale of Basel III compliant additional Tier I perpetual bonds, say three merchant bankers

As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice

Mastercard said it worked with 45,000 merchants, 34 issuing banks, 10 acquiring banks, and 30-plus token requestors (including all major payment aggregators) to create 90 million tokens

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

The government has extended the deadline for merchant bankers to bid for managing IRCTC stake sale by 4 days till September 14

Offer services similar to national level merchant bankers for listing SMEs on platforms