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Quick commerce unicorn Zepto is set to pre-file its draft red herring prospectus (DRHP) with market regulator Sebi on Friday through a confidential route, as it targets a stock market listing sometime next year, according to sources. The move positions Zepto to become one of the youngest startups to list on Indian stock exchanges. If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on the exchanges. "Zepto is set to pre-file its draft red herring prospectus (DRHP) with Sebi on December 26," people familiar with the developments told PTI. Eternal, which owns Zomato and quick commerce platform Blinkit, was listed in 2021, while Swiggy, which operates Instamart, made its stock market debut in November 2024. The confidential pre-filing allows the company to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. This route has been increasingly
State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received approval from the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT), an official statement said on Wednesday. The statement said the Public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story, it added. Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the Investment Manager for the Raajmarg Infra Investment Trust (RIIT). RIIMPL has been established as a collaborative venture with equity participation from leading banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Ba
The Securities Markets Code (SMC) Bill draws a clear line on capital markets regulator Sebi's enforcement reach by imposing an eight-year statutory limit on inspections and investigations, a move aimed at preventing prolonged regulatory overhang on market participants. However, this eight-year limitation will not apply to cases that have a systemic impact on the securities market. Apart from setting a time bar, the Bill also introduced a time-bound enforcement framework. It mandates Sebi to complete investigations within 180 days, while simultaneously strengthening investor protection through the introduction of an Ombudsperson-led grievance redressal mechanism. The Bill, which was introduced in the Lok Sabha last week, requires Sebi to set aside 25 per cent of its annual surplus in a Reserve Fund for expenses, with the remaining surplus transferred to the Consolidated Fund of India. According to a person familiar with the matter, the eight-year limit would bring legal certainty an
Capital markets regulator Sebi has imposed a penalty of Rs 50 lakh on four individuals for indulging in fraudulent practices involving the manipulation of the shares of G G Engineering Ltd. The four individuals, Manish Mishra, Sunil Bhandari, Rekha Bhandari and Anshu Mishra, will have to pay the penalty jointly and severally. "I observe that Manish Mishra, in collusion with Anshu Mishra, Rekha Bhandari, Sunil Bhandari, engaged in a coordinated scheme to induce investors to acquire securities of GGENG (GG Engineering) through uploading false and misleading videos on the YouTube Channels. "As a part of the scheme, they created artificial volumes in the scrip of GGENGG. Further... Rekha Bhandari and Sunil Bhandari indulged in order spoofing, thereby leading to creation of misleading appearance of trading in the shares of GGENG," Sebi's Adjudicating officer Amit Kapoor said in the order on Friday. Accordingly, Manish, Anshu, Rekha and Sunil Bhandari have flouted the provisions of the .