Page 162 - Sebi

Deficient regulation

Sebi needs capacity to protect investor interests

Colocation case: Sebi likely to challenge SAT's relief to NSE in SC

Legal experts cite 'inconsistencies' in Tribunal's order

'Run like a fiefdom': Sebi slaps Rs 26-crore penalty on Coffee Day

Regulator seeks action to recover Rs 3,500 cr diverted from company

Sebi asks PayMate India to refile IPO papers with certain updates

Sebi has asked B2B payments and services provider PayMate India to refile the documents for the initial public offering with certain updates. PayMate India had filed the Draft Red Herring Prospectus (DRHP) for a Rs 1,500 crore-IPO with the Securities and Exchange Board of India (Sebi) in May 2022. The proposed Initial Public Offering (IPO) comprises fresh issue of equity shares worth Rs 1,125 crore and an Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders, according to the draft papers. The company's promoters -- Ajay Adiseshan and Vishvanathan Subramanian and investors -- as well as Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings are to sell shares through the OFS. Besides, certain existing shareholders are offering to offload shares through this route. Currently, promoter and promoter group hold 66.70 per cent stake in the company and the rest is with public shareholders. According to an update on Sebi's websi

Avalon Technologies, Udayshivakumar Infra get Sebi's approval to float IPO

Electronic manufacturing services provider Avalon Technologies and construction firm Udayshivakumar Infra have received capital markets regulator Sebi's go ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their respective preliminary IPO papers with the markets regulator during August and September 2022, obtained observation letters from it on January 16, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. In Sebi's parlance, its observation implies its go ahead to launch the initial share-sale. Going by the draft papers, the IPO of Avalon Technologies comprises fresh issue of equity shares worth up to Rs 400 crore and an Offer-for-Sale (OFS) aggregating up to Rs 625 crore by promoters and existing shareholders. The company may consider raising Rs 80 crore through a pre-IPO placement, and if such a placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the fresh issue would be u

Investment in capital mkts via P-notes drops to Rs 96,292 cr in Dec: Sebi

Investment in the Indian capital markets through participatory notes slightly dropped to Rs 96,292 crore at the end of December 2022 from the preceding month on higher valuation of domestic markets. Before the decline, the investment through the route had been on an increasing trend since July because of a slump in prices of oil and other commodities and relative outperformance of Indian equity markets. Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Sebi data, the value of P-note investments in Indian markets --- equity, debt, and hybrid securities -- stood at Rs 96,292 crore at December-end, as compared to Rs 99,315 crore at the end of November. The investment level through the route was at Rs 97,784 crore at October-end, Rs 88,813 crore at September-end, Rs .

Markets regulator Sebi launches information database on municipal bonds

Markets regulator Sebi has launched an information database on municipal bonds. As part of efforts to develop the bond markets, an outreach programme on municipal bonds and municipal finance was organised by Sebi in the national capital on January 20 and 21, according to a release on Sunday. Representatives from various stakeholders, including the Ministry of Housing and Urban Affairs, municipal corporations, stock exchanges, credit rating agencies, merchant bankers and debenture trustees, participated in the programme. At the event, Sebi Chairperson Madhabi Puri Buch emphasised the potential of municipal bonds in infrastructure development and nation building. The information database was launched at the event. "The information database contains a wide range of information in the form of statistics and regulations, circulars, guidance note and Frequently Asked Questions issued by Sebi in respect of municipal debt securities," it said. According to the release, the repository con

Over 70% of PMS plans, investment vehicle for the wealthy, lagged in 2022

Small-cap schemes only ones to do better than their respective indices in 2022

Market regulator Sebi intensifies drive against front-running violations

Conducts search and seizure operations against some experts who appeared on TV channels

Sebi amends rules; intermediaries require prior nod for change in control

Capital markets regulator Sebi has amended rules which require vault managers and custodians to seek the watchdog's prior approval in case of change in control. The changes have been made to streamline the process of providing approval to the proposed change in control of the entities. In a notification, the Securities and Exchange Board of India (Sebi) said that the vault managers and Custodians will have to obtain prior approval of the Board in case of change in control in such a manner as specified by the regulator. To give this effect, Sebi has amended rules governing custodian and vault managers and the new rule has become effective from January 17. Vault manager is regulated as a Sebi intermediary for providing vaulting services meant for gold deposited to create electronic gold receipts (EGRs). The obligations of the vault manager include accepting deposits, storage and safekeeping of gold, creation as well as withdrawal of EGR, grievance redressal and periodic reconciliatio

Sebi carries out nationwide raids on market experts for front-running

The markets regulator Securities & Exchange Board of India (SEBI) has carried out nationwide raids targeting front-running carried out by market experts appearing on a business news television channel

Sebi opts for principles-backed approach on ESG ratings, says report

The move by SEBI would allow such scores to be assigned to more companies, making it increasingly possible for investors to assess businesses with a yardstick seen to be growing in importance

Explained: Why the 'sponsorless' mutual funds could be a good idea

Sebi's proposal may resolve conflict between regulations and lead to more investment and activity in the bond markets

IT solutions firm Rashi Peripherals files Rs 750-cr IPO papers with Sebi

The company may consider a private placement of equity shares for up to Rs 150 crore. If such placement is completed, the fresh issue size will be reduced

Sebi probes investments between Nippon Mutual Fund, YES Bank: Report

As of December 2022, Nippon India was the seventh-largest mutual fund in India with assets under management of 2.9 trillion rupees ($35.46 billion) as well as the biggest foreign-owned mutual fund

IPO-bound OYO to refile DRHP with updates to Sebi by mid-February

Market regulator asked hospitality company to submit application again, give information on risk factors and litigation

Sebi penalises individual for manipulating Panafic Industrials share prices

The order came after Sebi received complaints alleging receipt of SMS urging investors to buy the scrip of PIL

T+1 transition's final leg litmus test for foreign investors' heavyweights

Industry experts are of the opinion that the success of the T+1 settlement cycle will hinge on institutional traders -both foreign as well as domestic

Margin of safety

ASBA must be properly tested for secondary markets

Top headlines: RIL's green hydrogen biz, Sebi moots ASBA-like system

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