Page 20 - Sebi

Irdai forms joint expert group to guide insurers on Ind AS transition

Irdai forms a joint expert group to guide insurers on Ind AS transition, addressing implementation challenges, audit clarity, and actuarial roles

Rediff opts for confidential route, files IPO draft papers with Sebi

Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed preliminary papers with markets regulator Sebi through the confidential route to float an initial public offering (IPO). The company has opted for the confidential pre-filing route, which allows it to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. Companies increasingly prefer this route because it offers more flexibility in IPO preparations and allows them to respond to market conditions before a public filing. In a stock exchange filing on Tuesday, AvenuesAI said, "Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed the Pre-Filed Draft Red Herring Prospectus (Pre-DRHP) with the Sebi, the BSE Ltd and the National Stock Exchange of India Ltd in relation to the proposed initial public offering of its equity shares...on the main board". AvenuesAI, formerly known as Infibeam Avenues, is a multinational financial ...

Sathya Agencies files DRHP with Sebi for ₹600 cr IPO with fresh issue, OFS

Offer comprises ₹300 crore fresh issue and ₹300 crore OFS; proceeds to fund acquisition of subsidiary, repay borrowings and support general corporate purposes

Sebi bars Elitecon, promoter Vipin Sharma for alleged market manipulation

Regulator alleges price manipulation, misleading disclosures and financial irregularities; orders account freeze, forensic audit and probes preferential allotment and promoter share sales

Sathya Agencies files preliminary draft papers with Sebi for ₹600 crore IPO

Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of equity shares worth Rs 300 crore by promoters, taking the total offer size to Rs 600 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS includes the sale of shares by promoters -- Johnson Asaria, J John Sathya and Charles Packiaraj. Each of them will offload equity shares valued at Rs 100 crore. The Tamil Nadu-based company proposes to utilise the proceeds from the fresh issue towards repayment or prepayment of certain borrowings, payment of partial purchase consideration for the acquisition of its subsidiary Unilet Appliances Private Limited, and for general corporate purposes. Also, the company expects that listing of its equity shares will enhance its visibility

Best of BS Opinion: All eyes on RBI's policy meeting amid Iran conflict

From Sebi's governance gaps and inflation targeting to investor protection concerns, AI-led consumer insights, and evolving global discourse, today's BS Opinion offers sharp perspectives

Trust deficit: Sebi's move to address conflict of interest needs more heft

Sebi moves to tighten conflict norms, but limited disclosures and voluntary code risk falling short of restoring investor trust in the regulator's independence

New Securities Code misses its statutory purpose, leaves investors exposed

The Code is an ambitious attempt to consolidate three securities laws into a single, modern statute

Pioneer Fil-Med files for ₹500 crore IPO to fund new manufacturing units

Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech India, each proposing to offload shares worth up to Rs 125 crore. The company proposes to utilise the proceeds from the fresh issue towards part financing the cost of establishing a gear box manufacturing facility and a wind generator components manufacturing facility, both at Salarpur in Bhiwadi, Rajasthan, as well as for general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's brand visibility and provid

Sometimes, steps to protect investors can hurt them in the long run

The anti-proliferation restrictions need to be revisited to allow a wider range of well-labelled products

Intellius Recode files draft IPO papers with Sebi, plans to raise ₹117 cr

Intellius Recode Ltd has filed preliminary papers with the markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating Rs 117 crore and an offer for sale (OFS) of up to 12.9 lakh equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The company intends to utilise the net proceeds from the fresh issue towards funding the development of its digital workers, payment of sub-contracting fees related to their development, and for general corporate purposes. Intellius Recode is a technology solutions provider focused on enabling digital transformation for enterprise clients. It offers services across technology consulting and artificial intelligence-led solutions, including its proprietary "Agentic AI"-based digital workers. Its technology consulting vertical includes services like data and analytics, enterprise robotic process automation, integration, developm

Rentomojo files draft papers with Sebi for IPO; plans Rs 150-cr fresh issue

Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. The company proposes to utilise the proceeds from the fresh issue towards payment of debt, lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes. Founded by Geetansh Bamania, the company operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India. Rentomojo is the largest player in the organised online rental segment for furniture and appliances, with an estimated market sh

ICICI Pru MF reclassifies its thematic advantage FoF; Sebi nod to 6 IPOs

The three IPOs that closed on Friday managed to scrape through, even as fresh turbulence gripped the secondary market

Sebi bars four from markets for 2 years in front-running case linked to FPI

The market regulator barred four individuals for two years and imposed penalties after finding evidence of front-running trades linked to foreign portfolio investor Societe Generale

Rights issues surge, QIPs shrink in FY26 amid sharp market turbulence

Market volatility in FY26 drives surge in rights issues to multi-decade high, while QIPs slump sharply as investors turn cautious amid global and domestic uncertainties

Sebi widens auditor pool for investment advisers, research analysts

Regulator allows cost accountants to conduct compliance audits, easing capacity constraints and expanding flexibility for investment advisers and research analysts

Sebi proposes IT resilience index for market infrastructure institutions

Regulator seeks to standardise metrics and strengthen oversight of critical IT systems across market infrastructure institutions, including exchanges and depositories

Sebi, Google partner to monitor finfluencers' violation of norms

Regulator partners Google to strengthen AI monitoring of influencers and launches verified app labelling to help investors identify authentic intermediaries

Soon, you may be able to gift mutual funds like vouchers- Sebi proposal

Under the proposal, the purchaser of Gift PPI can gift the prepaid payment instrument to a recipient, who can then use the instrument to subscribe to mutual fund units, Sebi said

Govt appoints Kompella Venkata Ramana Murty as Sebi whole-time member

March 24 (Reuters) - India has ​appointed ompella ​Venkata Ramana ‌Murty as whole-time member of market egulator Securities & Exchange Board of India ‌for a period of three years, a government otice showed late ​on uesday.