Page 12 - Sebi

Rules for market infrastructure institutions must be subject to oversight

Institutions exercising public regulatory power must not remain outside meaningful oversight

Canara Bank's ₹509-crore Rajesh Exports exposure: All you need to know

The Rajesh Exports-Sebi case has renewed attention on Canara Bank's ₹509-crore exposure and the trade-finance transactions that linked the company to its Swiss subsidiary

'Sebi misread accounts': Rajesh Exports founder denies irregular fund flows

Rajesh Exports Chairman Rajesh Mehta on Tuesday denied any fund diversion in its subsidiary ACC Energy and promoter-controlled Elest Ltd, saying Sebi has not understood the accounting entries, even as the company faces potential removal from the Rs 18,100-crore ACC Production-Linked Incentive scheme. "First of all, the Sebi has made observations. That has to be put in the right place first. Point number two, there is zero diversion of funds. They have not understood the accounting entries," the Rajesh Exports founder told PTI. The company is ready to clarify, he added. The market regulator's June 3 interim order flagged a circular fund-routing scheme involving ACC Energy Storage and promoter-controlled Elest Pvt Ltd. After Elest acquired 49 per cent of ACC Energy in January 2025, it gave Rs 147 crore to the subsidiary, which returned Rs 112 crore on the same day. ACC Energy Storage also invested Rs 262 crore in Elest without disclosing valuation details. The company's MD and CFO ..

ED summoned Zepto founders in April under Fema ahead of IPO, UDRHP reveals

The UDRHP revealed ED asked Zepto's founders to provide information related to foreign and overseas investments, audited financial statements since FY21, shareholding patterns, loans and guarantees.

Zepto files updated DRHP, plans to raise ₹8,010 crore via fresh issue

Zepto has filed its updated draft papers with Sebi for a proposed ₹10,000 crore IPO, with the proceeds earmarked for expansion, technology investments and business growth

Sebi reviews broker net-worth norms, IPO price discovery framework

Market regulator is examining broker capital requirements, IPO auction mechanisms, mutual fund liquidity rules and corporate bond market reforms to improve efficiency

Capital markets emerging as key avenue for household savings: Sebi chief

Capital markets are increasingly emerging as a core avenue for household savings and wealth creation in India, reflecting a structural shift in how Indians are investing and participating in the country's growth story, SEBI Chairperson Tuhin Kanta Pandey said on Monday. "Capital markets are increasingly becoming a core avenue for household savings and wealth creation," Pandey said at the ICICI Securities India Investor Conference 2026. On the Portfolio Management Services (PMS) regulations, the SEBI chief indicated that extensive deliberations are underway and a consultation paper will be released soon. However, he declined to specify a timeline. Pandey said India's economic rise is not only about higher growth numbers but also about the formalisation of the economy, financialisation of savings and growing trust in institutions. Highlighting the growing depth of Indian markets, Pandey said the country now has around 145 million investors in the securities market, with the investor

LIC in talks with regulators to expand long-term instruments: CEO

State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including the Reserve Bank and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said. An Annuity product converts an accumulated retirement corpus into a guaranteed, lifelong stream of income. When one invests a lump sum, LIC pays a regular pension for life, ensuring the savings aren't outlived. "When the annuity markets are becoming more favoured by the policyholders, and more investments flow into annuities, we need to necessarily have long-term investments matching that kind of long-term liabilities. So we have been in touch with the (insurance) regulator as well as the regulators like SEBI, as well as RBI and the requirements of LIC, particularly are being duly communicated to them," he told PTI in an interview. He further said the sector regulator, Insurance Regulatory and Development ..

Reliance Infra seeks review of surveillance framework linked to IBC

Reliance Infra has urged SEBI, NSE and BSE to review ASM-based trading curbs, saying restrictions hurt liquidity, price discovery and retail shareholders

Rajesh Exports may get dropped from PLI scheme, final decision in days

The Ministry of Heavy Industries (MHI) is set to decide in the coming days on removing Rajesh Exports from the list of beneficiaries under the production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage, after the SEBI last week passed an interim order alleging massive financial fraud by the Bengaluru-based firm. Sources in the ministry told PTI that there is a "strong view" within the department that the company should be dropped from the scheme. The matter will be placed before Minister of Heavy Industries H D Kumaraswamy, who has returned from an official trip to Kyrgyzstan. "A final call will be taken in the coming days," a source said. In a 109-page ex parte interim order dated June 3, SEBI alleged that Rajesh Exports - primarily a gold jewellery manufacturer and exporter - inflated revenues by Rs 15.15 lakh crore between FY21 and FY25, amounting to approximately 99.8 per cent of the revenues attributed to its subsidiaries over the period being ..

CMR Green IPO subscribed 127x; Paras Healthcare files for ₹1,800-cr IPO

CMR Green's IPO was subscribed 127 times, boosting hopes of a primary market revival as Sebi cleared five new IPOs and Paras Healthcare filed draft papers

RBI opens equity markets wider to overseas investors with higher limits

Higher investment limits for NRIs, OCIs and other overseas individuals are expected to broaden the investor base, improve liquidity and support foreign inflows

LIC's Rajesh Exports stake under scrutiny after Sebi's interim order

Gold refiner shares 400 GB of data with regulator

Sebi warns ICICI Bank over FPI fund repatriation under VRR framework

Market regulator Sebi has warned ICICI Bank for allowing an FPI to repatriate funds before completion of the committed retention period under the Voluntary Retention Route

Rajesh Exports says 400 GB data shared with Sebi amid accounting row

Shares hit lower circuit after Sebi's interim order, while LIC's continued holding in the company comes under scrutiny amid governance concerns

How a shareholder's complaint led Sebi to Rajesh Exports' ₹15 trn puzzle

A shareholder's complaint about unpaid receivables triggered a two-year investigation that led Sebi to question revenues, disclosures and overseas operations at Rajesh Exports

Rajesh Exports cites 'communication gap' with Sebi, says revenues correct

A day after Sebi's interim order raised questions over revenue misreporting, Rajesh Exports said the issue stemmed from a 'communication gap' and maintained its revenues were correctly reported

Rajesh Exports hits lower circuit; Sebi flags ₹15-trn revenue inflation

Rajesh Exports shares hit a 5-per cent lower circuit after Sebi alleged ₹15.15 trillion revenue inflation and barred the company and promoter from the securities market

Sebi bars Rajesh Exports, flags ₹15.15 trn revenue inflation scam

The Securities and ‌Exchange Board of India (SEBI) has barred the company and its owner from the securities markets till it completes its investigation

Sebi cracks whip on Rajesh Exports promoter over alleged fund diversion

The market regulator barred promoter Rajesh Mehta from dealing in company securities for three years and ordered a forensic audit amid allegations of financial misstatements