Regional Merchant Bankers

Sebi refines process for approval for change in control 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

HDFC planning to raise funds by issuing commercial papers maturing in 1 mth

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

Bank of Baroda planning to raise Rs 5 billion through perpetual bonds

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

Six merchant bankers in fray for HZL stake sale; presentation on Friday

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 enables 200,000 merchants for card-on-file tokenisation

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

AEO benefits continue even after switching operations to MOOWR: Expert

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

Govt extends deadline for merchant bankers to bid for IRCTC till Sept 14

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

Regional merchant bankers cash in on SME platforms

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