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Entity offloads Ujjivan Financial Services shares for Rs 148 crore

Newquest Asia Investments II on Monday offloaded shares of Ujjivan Financial Services for Rs 148 crore through an open market transaction. According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services. The shares were sold at an average price of Rs 495.19 apiece, taking the aggregate transaction value to Rs 148.56 crore. Meanwhile, Abakkus Emerging Opportunities Fund-1 acquired 11.50 lakh shares and BNP Paribas Arbitrage bought more than 6.79 lakh shares of Ujjivan Financial Services. The shares were bought in the range of Rs 495-495.15 per share, taking the combined transaction value to Rs 90.56 crore. On Monday, shares of Ujjivan Financial Services fell 1.63 per cent to close at Rs 498.95 apiece on the NSE.

Sebi proposes alternate mechanism to delist shares from stock exchanges

In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies

Dark fibre case: SAT quashes Sebi's order on NSE and ex-officials

The tribunal concluded that no preferential treatment was granted and there was no intentional negligence on the part of the NSE by waiving physical inspection of the office site of Way2Wealth

NSE cautions investors against their money in any assured returns scheme

The National Stock Exchange on Wednesday cautioned investors against putting their money in any assured returns scheme offered by four individuals. The four individuals are Amit Mishra and Shivam Chauhan associated with Go Algo, and Kajal Patel and Alpesh Patel associated with KK Advisories. They (Amit, Shivam, Kajal and Alpesh) were providing securities market tips for trading and assuring returns on investment in the stock market and also offering to handle the trading account of investors by asking them to share their credentials, NSE said in two separate statements. According to statements, these persons are not registered either as a member or authorised persons of any registered member of the bourse. Cautioning the investors, the exchange asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by the law. The exchange has also provided a facility to investors of ...

Sebi categorises dues worth Rs 73,287 crore as 'difficult to recover'

Capital markets regulator Sebi has segregated dues to the tune of Rs 73,287 crore under "difficult to recover" category at the end of March 2023. Overall, the markets watchdog has dues worth Rs 1.02 lakh crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, or were unable to pay fees due to it and did not comply with its direction to refund investors' money, according to Sebi's annual report for 2022-23, which was released on Monday. Of Rs 1.02 lakh crore, Rs 63,206 crore, which is 62 per cent of the total amount, pertains to collective investment scheme and deemed public issues of PACL Ltd and Sahara Group company Sahara India Commercial Corporation Ltd. Further, the regulator said parallel proceedings are pending before various courts and court-appointed committees in 77 cases involving Rs 70,482.62 crore, or 69 per cent of the total amount. "In these cases, Sebi's recovery proceedings are subject to directions/approvals of .

Equity markets settle higher for 2nd day, unfazed by global trends

The 30-share BSE Sensex climbed 232.23 points or 0.35 per cent to settle at 65,953.48. During the day, it jumped 346.65 points or 0.52 per cent to 66,067.90

NSE, BSE clarify on ODR platform rollout; say due process followed

Leading stock exchanges BSE and NSE on Monday said that due process has been followed in rolling out the Online Dispute Resolution (ODR) platform. A joint statement came after certain reports in the media raised issues relating to the Online Dispute Resolution mechanism rolled out recently in the securities market. Clarifying the process adopted in the implementation of the ODR mechanism, the exchanges said that MIIs (market infrastructure institutions) followed the due process for the selection of vendors, which included formulating the scope for development of the ODR Portal, seeking proposals from multiple entities and final selection based on technical and commercial dimensions. The exchanges, further, said that capital markets regulator Sebi did not play any role in this process of vendor selection. A working group was formed comprising exchanges, depositories, ODR institutions, and Agami, a non-profit company, to formulate and operationalise the ODR mechanism following the .

Domestic ownership falls 1st time in 7 quarters, rise in foreign investment

FPI shareholding rises by 7 bps on the back of Rs 1 trillion investment during June 2023 quarter

ADTV for equities cash market segment hits a 21-month high in July

F&O volumes log new highs, increase by 2.8 times over a year earlier

Two entities buy footwear co Campus Activewear shares worth Rs 124 crore

Societe Generale and ICICI Prudential Life Insurance Company on Wednesday bought shares of athleisure footwear company Campus Activewear for Rs 124 crore through open market transactions. According to the bulk deal data available with the NSE and BSE, ICICI Prudential Life Insurance acquired 25 lakh shares and Societe Generale bought more than 17.14 lakh shares, amounting to 0.82 per cent and 0.56 per cent stake, respectively, in the company. The shares were acquired at an average price of Rs 295 apiece on both BSE and NSE, taking the combined transaction value to Rs 124.33 crore. Details of the sellers could not be ascertained. Shares of Campus Activewear plunged 4.29 per cent to close at Rs 290 apiece on the NSE and tumbled 4.23 per cent to settle at Rs 290.05 on the BSE.

Ipca Laboratories acquires 33.38% stake in Unichem for over Rs 945 cr

Ipca Laboratories on Wednesday said it has completed the acquisition of a 33.38 per cent stake in Unichem for Rs 945.35 crore. Last week, Ipca got approval from the Competition Commission of India (CCI) for a 59.38 per cent stake purchase in listed Unichem Laboratories. "Post receipt of approval of CCI, the company has acquired 2,35,01,440 fully paid-up equity shares of Rs 2 each, constituting about 33.38 per cent of the paid-up equity share capital of Unichem Laboratories from one of Unichem's promoter shareholders, at a price of Rs 402.25 per equity share aggregating to Rs 945.35 crore," Ipca said in a regulatory filing. The deal was executed through a block deal on the National Stock Exchange (NSE), it added. Ipca has already made an open offer to Unichem's shareholders to acquire another 26 per cent of the fully diluted outstanding equity share capital of the company at a price of Rs 440 per share, aggregating to Rs 805.44 crore. The Draft Letter of Offer (DLOF) for the open o

After missing 1st shot at listing, firms re-file DRHPs with lower size

Investment bankers said smaller issues are a relatively easy pitch for investors

World's biggest market for under-$100 million IPOs booms in India

SME IPO boom followed dismal performance of insurer Life Insurance Corporation of India and delivery startup Delhivery, two biggest share sales of 2022. They are down about 33% and 18%, respectively

Societe Generale buys Bandhan Bank shares for Rs 382 cr at Rs 218.60 apiece

Financial services company Societe Generale on Monday bought shares of private lender Bandhan Bank for Rs 382 crore through open market transactions. According to the bulk deal data available with the BSE and National Stock Exchange (NSE), Societe Generale purchased 85.51 lakh shares on the BSE and 89.23 lakh shares on the NSE. The shares were acquired at an average price of Rs 218.60 apiece on both bourses, taking the combined transaction size to Rs 382 crore. Details of the sellers could not be ascertained. Shares of Bandhan Bank rose 3.22 per cent to close at Rs 224.10 on the NSE and gained 2.88 per cent to settle at Rs 223.30 on BSE. In a separate transaction, Plutus Wealth Management acquired 22.10 lakh shares of Eris Lifesciences for Rs 173 crore through open-market transactions. Plutus Wealth Management bought a total of 22.10 lakh shares in two tranches, as per the data available with the NSE. The shares were purchased in the range of Rs 783-783.03 per piece, taking the

Retail traders bullish even as India run eases, derivatives data shows

The benchmark NSE Nifty 50 Index failed to scale a much-hyped 20,000 level and has fallen over 1% from its peak on July 20

Gift Nifty logs highest-ever turnover of $12.4 billion on July 25

Gift Nifty, which was being traded at the Singapore Exchange (SGX), has been transitioned to GIFT City in Gujarat

Incorrect details of brokerage collateral invites scrutiny from NSE

Includes uploading of multiple files with same data, undisclosed granular numbers, and not reporting client data

Gift Nifty derivatives hits record single-day turnover of $8.5 billion

The erstwhile SGX Nifty contracts, which were being traded at the Singapore Exchange (SGX), have been transitioned to India's maiden International Financial Services Centre-GIFT City

ONDC academy to provide info to sellers, network participants on e-com

Government's initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and video formats to sellers about managing their operations effectively on the Open Network for Digital Commerce (ONDC), Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said. Citing an example, he said a villager without any knowledge of e-commerce can learn how to make a seller app (without technical know-how) with a technology service provider to aggregate all sellers from a nearby marketplace to make these products available online. The academy was launched by ONDC in collaboration with NSE Academy Ltd, a subsidiary of the National Stock Exchange. Each of the steps in the onboarding process and associated ..

Exchanges revise enhanced surveillance measures for micro small cap cos

Leading stock exchanges BSE and NSE have relaxed enhanced surveillance measures (ESM) framework for micro small cap companies that have a market cap of less than Rs 500 crore. This came over a month after rules were put in place by the bourses to curb volatility in the counters of such firms. The new framework would be applicable from July 24, according to circulars issued by the exchanges on Tuesday. Earlier, the stocks under ESM Stage-II were permitted to trade only once a week under the periodic call auction. Now, this has been revised to all trading days. "Trading permitted with +/- 2 per cent price band on all trading days under periodic call auction," the exchanges said. However, the norms of 100 per cent margin and trade-for-trade settlement remain unchanged. Besides, rules remain unchanged for stocks that remain under ESM Stage-I. "In joint discussion of exchanges and Sebi, the current surveillance actions under the ESM framework were reviewed," the circulars noted. The