Page 117 - Sebi

REITs, InvITs collect Rs 18,658 cr in Apr-Sep on robust infra demand

Strong demand for infrastructure investment, attractive returns, and favourable government policies have pushed fund mobilization through listed REITs and InvITs to Rs 18,658 crore in the April-September period of the current fiscal. This came following a fund collection of Rs 2,596 crore through listed Infrastructure Investment Trusts (InvITs) in the entire 2022-23, although the amount mopped up through listed Real Estate Investment Trusts (REITs) was nil, data with the Securities and Exchange Board of India (Sebi) showed. Going forward, experts believe that trends seen in REITs and InvITs will continue in the second half of the year too. "The fresh savings will continue similarly as has happened in the last six months, and the investments will continue to be towards InvITs as both the central government and the state governments continue to focus more on infrastructure development," Himanshu Kohli, Co-founder of Client Associates, said. Hence, the trends you have seen in REITs an

ESAF SFB IPO subscribed 1.74 times; Upstox settles matter with Sebi

Sebi had issued a showcause notice to the stockbroker in January 2022 for alleged violations of the cyber security and cyber resilience framework

RKSV Securities settles case with Sebi, pays Rs 1.13 cr as settlement fee

Brokerage company RKSV Securities India (Upstox) on Friday settled with capital markets regulator Sebi a case pertaining to alleged violation of regulatory norms. The company paid Rs 1.13 crore towards the settlement charges. The settlement order came after the noticee (RKSV Securities India Pvt Ltd) proposed to settle the instant proceedings initiated against it, without "admitting or denying the findings of facts and conclusions of law". "The instant adjudication proceedings initiated against RKSV Securities India Private Limited vide show cause notice (SCN) dated January 25, 2022 is disposed of in terms of settlement regulations," Sebi's Adjudicating Officer Barnali Mukherjee said in the order. The market watchdog had initiated adjudication proceedings against RKSV Securities India Pvt Ltd (applicant) for the alleged violation of Sebi MIRSD (Market Intermediaries Regulation and Supervision Department) Circular dated December 3, 2018. The MIRSD circular is related to cyber secur

ASK sets price band; Old Bridge Capital files papers for MF offering

Old Bridge Capital Management, which rece­ived the mutual fund licence in September, has filed papers with Sebi for its first scheme

Self-regulation does not work well in preventing frauds, says Sebi WTM

Amarjeet Singh says 16 working groups looking to simplify regulations

Sharpline Broadcast case: Sebi modifies order against 15 individuals

Capital market regulator Sebi on Wednesday modified its order passed against 15 individuals in a case of manipulation of share prices of Sharpline Broadcast Ltd through uploading misleading videos on YouTube channels. In March this year, the regulator barred 24 entities from the securities market for manipulating the share prices of two companies through misleading videos on YouTube channels. Passing a 77-page confirmatory order with some modifications, Sebi restrained 15 individuals from dealing in the scrip of Sharpline during the pendency of the investigation. "I, hereby confirm the directions issued vide the Interim Order dated March 02, 2023 read with Confirmatory Order dated July 11, 2023, subject to the following modifications, the noticees are restrained from dealing in the scrip of Sharpline during the pendency of the investigation," Sebi's whole time member Ananth Narayan G said in the order on Wednesday. The watchdog noted that the liability for the illegal gain made by

Sebi simplifies offer documents of mutual fund schemes for investors

To boost ease of preparation of the Scheme Information Document (SID) by mutual funds and increase its readability for investors, markets regulator Sebi on Wednesday simplified and rationalised the format of offer documents. The revamped format is aimed at streamlining the dissemination of relevant information to investors, rationalising the preparation of SID and facilitating its periodic updation by mutual funds. The updated format will implemented with effect from April 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular. The decision to revamp the format of SID was based on the suggestions of industry body AMFI and the recommendations of Sebi's Mutual Fund Advisory Committee. To give effect to the revisions in the SID, the regulator has modified several provisions. Under the modification, the scheme's portfolio holdings -- top 10 holdings by the issuer and fund allocation toward various sectors -- will be disclosed by way of a functional web link whe

Sebi confirms market ban on 22 entities in stock manipulation case

Sebi on Tuesday confirmed the securities market ban on 21 entities in a case related to manipulation of share price of Sadhna Broadcast by way of uploading misleading videos on YouTube channels. The ban on one individual -- Kundan Singh Bisht -- has been lifted and the total estimated amount of illegal gains through the alleged manipulation has been revised to Rs 38.61 crore. In March this year, the watchdog had barred various entities in the case and the estimated illegal gains earlier was Rs 41.85 crore. In a 125-page confirmatory order in the case with respect to 22 entities on Tuesday, Sebi refused to lift the ban on 21 of them. "I find that the submissions of the Noticees, except that Kundan Singh Bisht, are insufficient to refute the prima facie conclusions drawn in the Interim Order. "Consequently, the prima facie findings in the interim order dated March 02, 2023 that the Noticees have engaged in a fraudulent and manipulative scheme resulting in contravention of provision

Sebi provides option for InVITs to meet public unitholding requirement

Markets regulator Sebi on Tuesday said privately placed Infrastructure Investment Trusts (InvITs) will be allowed to issue units through the preferential allotment route to achieve the minimum public unitholding requirement. In a circular, Sebi said it is providing an additional method for privately placed InvITs to achieve the minimum public unitholding requirement. Now, these entities can issue units through the preferential allotment route in this regard. This will be subject to the condition that "only units issued to the public shall be considered for compliance with minimum unitholding requirement," the circular said. Besides, certain changes have been made to the master circular, issued in July this year, with respect to InvITs.

Sebi's job to ensure capital formation: Ananth Narayan at BS BFSI Summit

Sebi WTM Ananth Narayan talks about walking the tightrope between overregulation and underregulation

Relief for Zee Entertainment's Punit Goenka as SAT sets aside Sebi's order

With this, Goenka can now be appointed as the Managing Director (MD) of the merged entity

Muthoot Microfin, Flair Writing, Happy Forgings get Sebi's nod for IPOs

Three companies -- Muthoot Microfin, Flair Writing Industries, and Happy Forgings -- have received capital market regulator Sebi's approval to raise funds through initial public offerings (IPOs). The three companies, which filed their respective preliminary IPO papers with Sebi during July and August, obtained the regulator's observation letters on October 23-27, an update with the markets watchdog showed on Monday. In Sebi's parlance, obtaining an observation letter means it is the go-ahead to launch the public issue. Shares of these companies are proposed to be listed on the NSE and BSE. As per the draft papers, Muthoot Microfin's public issue will comprise a fresh issue worth up to Rs 950 crore and an offer for sale (OFS) to the tune of Rs 400 crore. Through the OFS route, various stakeholders plan to offload shares worth Rs 400 crore. While Greater Pacific Capital WIV Ltd proposes to offload equities worth up to Rs 100 crore, Thomas John Muthoot, Thomas Muthoot and Thomas Geor

Fincare SFB to merge with AU Small Finance Bank in all-share deal

At present, AU's market capitalisation is Rs 46,000 crore, the highest among small finance banks. The market capitalisation of the merged entity will be slightly over Rs 50,000 crore

NCDEX suffers major losses as suspension of futures gets extended

The commodities are paddy (non-basmati), wheat, chana, mustard seed and its derivatives, soybean and its derivatives, crude palm oil and moong

Govt asks all private companies to demat shares by September 2024

Move to boost transparency, supervision; small cos exempted

Sebi turns up heat on unregistered influencers giving tips on social media

The regulator's order is at least the third high-profile crackdown on a financial influencer this year

Sharepro Services case: Sebi slaps Rs 33 cr fine on 13 individuals

Capital markets regulator Sebi has slapped fines totalling Rs 33 crore on 13 individuals, including senior officials of Sharepro Services (I) Pvt Ltd for flouting regulatory norms. The regulator levied fines in the range of Rs 1 lakh to Rs 15 crore on 13 individuals, including Rs 15.08 crore on Indira Karkera (Vice President and client manager for a number of client companies of Sharepro), and Rs 5.16 crore on Govind Raj Rao (Managing Director of Sharepro). Apart from senior officials, Sebi also penalised Balram Mukherjee, Pradeep Rathod, Shrikant Bhalakia, Anil Jathan, Chetan Shah, Sujitkumar Amarnath Gupta, Bhavani Jathan, Anand S Bhalakia, Dayanand Jathan, Mohit Karkera and Rajesh Bhagat. These individuals are referred to as noticees. In its 200-page order, Sebi found that securities at least worth Rs 60.45 crore (on the basis of the value of respective scrip in October 2016) and dividends worth Rs 1.41 crore of genuine shareholders were misappropriated in the fraud. Further, ..

Sebi extends suspension of derivatives trade in 7 agri commodities for 1 yr

Markets regulator Sebi on Friday extended the suspension of futures and options trading in seven agricultural commodities, including wheat and moong, for one more year till December 2024 in a bid to rein in prices. The other agricultural commodities suspended by Sebi are paddy (non-basmati), chana, crude palm oil, mustard seeds and their derivatives and soya bean and its derivatives. "The suspension of trading in the above contracts has been extended for one more year beyond December 20, 2023, i.e. till December 20, 2024," Sebi said in a statement. The suspension permits squaring up of existing positions in these commodities, but no fresh futures trading is permitted for a year. To curb inflation, Sebi in December 2021 prohibited exchanges from launching new derivative contracts of soyabean, mustard seeds, chana, wheat, paddy, moong, and crude palm oil. These directions were applicable for one year. In December last year, the suspension was again extended for one more year till ..

Sebi's instant trade settlement plan faces foreign investor pushback

The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported

Mutual fund industry exploring a new product with 'flexible norms'

The MF product, if introduced, will also have a minimum investment threshold but will likely be much lower than that of PMS