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Sebi on Monday proposed a sharp reduction in the minimum investment required from individual investors in social impact funds to Rs 1,000 from the existing Rs 2 lakh, in a move aimed at widening retail participation and easing fundraising for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE). In its consultation paper, Sebi also proposed extending the registration period for NPOs on the SSE without fundraising and lowering the minimum subscription requirement for issuing Zero Coupon Zero Principal Instruments (ZCZP). The regulator said the measures are intended to "further strengthen the SSE framework, facilitate ease of fund raising and encourage greater participation by NPOs". Under the current Alternative Investment Fund (AIF) Regulations, individual investors are required to invest a minimum of Rs 2 lakh in a social impact fund that invests exclusively in securities of NPOs listed or registered on the SSE. Sebi has now proposed lowering this threshold to Rs
Sebi Chairman Tuhin Kanta Pandey on Wednesday said that end of trade frictions through trade deals like the one with the US removes uncertainties, which will help accelerate capital formation. Replying to a question on whether the trade deal with the US will push foreign investors to get more money into the country, Pandey said such moves can "spur" investment decisions. "Fundamentally, when you have an overhang of a regulatory action which is removed, and trade frictions removed, so any capital formation is always accelerated," Pandey told reporters here. The removal of the uncertainties can spur investment decisions and get a greater predictability on capital, he added. "So overall in the situation I could say that with the deals that have been done on the trade side, a lot of uncertainties have been removed," he said. Speaking on the sidelines of a conference organised by capital markets regulator Sebi to deepen the corporate bond market, Pandey declined to comment when asked a
As many as eight companies, including real estate developer Eldeco Infrastructure and Properties, and Associated Power Structures, have secured Sebi's approval to raise funds through initial public offerings (IPO), an update with the markets regulator showed on Friday. Others that received regulatory clearance are HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight companies had filed their preliminary IPO papers with Sebi between September and October, and obtained the regulator's observations between January 28 and 30, the update showed. In regulatory terms, Sebi's observation is equivalent to clearance for launching a public issue. Haryana-based real estate developer Eldeco Infrastructure and Properties Ltd proposed public issue is a mix of fresh issues of shares worth Rs 800 crore and an offer for sale up to Rs 200 crore by promoters. Proceeds from the fresh issue worth Rs 600 crore will be u