Stock hits upper limit after regulatory filing shows promoter holding in the company had breached the 25% threshold following an open market purchase by chairman and CEO Nirmal Jain
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Both the entities were indulged in execution of such alleged non-genuine trades and created a misleading appearance of trading in the illiquid stock options contracts
The appellant again filed an urgency application before SAT seeking direction to be issued to Sebi to refund the order as he as in dire need of money to undergo a spinal surgery
The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular
On March 20, the markets regulator had imposed one-month restrictions on short-selling, increased margin requirements, and hiked penalties on violators
Dave panel identifies four broad areas the need to be revamped, seeks to quicken process leading to issuance of final order against an intermediary
The e-voting, which was scheduled on June 9, was suspended following Gujarat HC's decision
Sebi's Friday circular read that the investment shall be made in growth option of the fund and where growth is not available, it should be made in dividend re-investment option.
Happiest Minds, which becomes the first player to file a share sale document since March, will list its shares in both NSE and BSE post the offer
WhatsApp chats extracted from the seized devices were examined further and while examining the chats, it was found that earnings data and other financial information of around 12 companies were leaked
Shrinking asset size has added to challenges in bringing down levels of such investments
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Raters can move company to speculative grade on case-by-case basis
Experts say Sebi's move could also help in creating a market, where investors can get some access to liquidity even in stressed debt portfolios
Market regulator observed that while many have made qualitative disclosures like shutting down and sanitation measures undertaken, only a few have dwelt on financial impact
Sources say companies had approached the regulator seeking relaxation citing unfavorable market conditions through investment bankers and industry bodies
This is the fourth such communication from the market regulator to the designated depository participants/custodians in a month
Norms have been extended till June 30, 2020
A copy of the letter, which alleges misuse of liquidity incentives scheme, was also senr to Sebi