Weeks of paperwork could give way to a faster digital process as Sebi removes the requirement for overseas investors to be physically present in India for digital KYC
Regulators need discretion, but that discretion must be structured, transparent and predictable
Nasdaq-listed travel booking platform MakeMyTrip's India subsidiary has received Sebi's approval to launch an initial public offering (IPO), according to an update available on the markets regulator's website on Monday. MakeMyTrip (India) Ltd (MMT India) had filed draft papers with Sebi in July through the confidential route. After examining the draft documents, the regulator issued its final observations on November 6. Sebi's observations mark an important step in the IPO process, allowing the company to proceed with preparations for its public issues, subject to applicable regulatory requirements. The proposed IPO is expected to comprise a sale of equity shares in MMT India by its parent MakeMyTrip and its wholly-owned subsidiary, ibibo Group Holdings (Singapore) Pte Ltd, the Gurugram-headquartered company said in a regulatory filing with Nasdaq. Following the completion of the proposed IPO, MMT India will continue to remain a subsidiary of MakeMyTrip, with its financial results
Hindustan Coca-Cola Holdings Ltd (HCCH), backed by The Coca-Cola Company and Jubilant Beverages, has filed its draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO will be entirely an offer for sale (OFS) of up to 99,74,61,456 equity shares by promoter Hindustan Coca-Cola Overseas Holdings Pte Ltd, according to the draft red herring prospectus (DRHP) dated November 6. Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO, with the entire proceeds going to the selling shareholder.
The market regulator has cautioned Dabur India over delayed disclosure of a USFDA warning letter, saying repeated violations could attract enforcement action under Sebi rules.
Sagar Defence Engineering, Encube Ethicals, Arjun Jewellers and IFL Finance have received Sebi's approval to launch IPOs, with proposed issues including fresh shares and offers for sale.
The new facility will allow mutual fund schemes to offset cash market funds payable against receivables within the same scheme and settlement cycle from April 1, 2027.
Sebi has allowed AIF, SIF and portfolio managers to certify investor accreditation, simplifying the process while retaining verification and record-keeping requirements.
The Securities and Exchange Board of India said on Wednesday that the revised rules, which will take effect from December 3, apply to non-resident Indians and foreign nationals
Earlier in September, draft papers filed with the markets regulator showed the parent Coal India, which is the world's largest coal producer, was selling a 10% stake in Mahanadi Coalfields through IPO
Investors allege their US large-cap holdings were sold and proceeds diverted into thinly traded microcap stocks; FIRs and Sebi complaints have been filed
The Sebi panel will review listing eligibility, investor participation, pricing and disclosure norms to improve capital market access for deep-tech and other innovation-led firms
Sebi will allow NRIs, OCIs and foreign nationals in FATF-compliant countries to complete KYC digitally from December 3, easing onboarding and investment in Indian markets
The alleged unauthorised sale of US stocks raises questions about the responsibility of Indian trading platforms, overseas brokers and the safeguards available to investors seeking compensation
The framework, proposed in August to attract more foreign capital to these sectors, was approved by the Securities and Exchange Board of India in September
Sebi has shortened the cooling-off period for offer-for-sale transactions by privately listed illiquid InvITs to eight weeks from 12 weeks, effective immediately.
Sebi's move to make direct mutual fund plans the default on fund houses' digital platforms puts the spotlight on costs, but investors must weigh lower fees against the value of ongoing advice.
Sebi has proposed scrapping LTCG tax on foreign investors' equity gains and offering tax relief to domestic mutual fund investors who switch between schemes
Sebi has backed a proposal to remove long-term capital gains tax for foreign investors. But what is LTCG tax, which investments does it apply to, and how is it calculated? Here's all you need to know
From a temporary exemption in 2003 to a tax-free regime in 2004, its eventual return in 2018, and now fresh calls for reform, India's equity LTCG policy has undergone several significant changes