Page 20 - Sebi

'Regulated pre-IPO trading platform to bring transparency for investors'

Market regulator Sebi's plan to introduce a regulated pre-IPO trading platform could reshape how investors buy and sell unlisted shares, bringing transparency to a space long dominated by the opaque grey market and reducing risks for retail investors, market experts said. Moreover, for employees, especially those holding ESOPs (employee stock options), the framework could be a game-changer. Rajesh Singla, founder and CEO of Planify, which deals in buying and selling of unlisted shares, explained that a large portion of ESOPs remains unutilised today as employees lack access to liquidity options before an initial public offering (IPO). With Sebi's proposed system, they would finally have an avenue to monetise their holdings in a regulated environment. On Friday, Sebi chairman Tuhin Kanta Pandey hinted at introducing a regulated platform for pre-IPO share trading, potentially replacing existing grey market practices. The move, if implemented, may also allow investors to trade shares

Sebi proposes new closing auction framework for liquid derivative stocks

Markets regulator Sebi has proposed a new framework for the Closing Auction Session (CAS) in the equity cash market, starting with highly liquid derivative stocks to determine the closing prices of shares. The proposal, if implemented, is expected to reduce volatility, improve fairness, and make it easier for large and passive investors to execute trades. In its consultation paper, Sebi proposed that CAS would be applied in a phased manner, beginning with stocks available in the derivatives segment-- those with sufficient liquidity--and later extended to all stocks based on experience gained. A closing auction session is a short trading period held at the end of the day to determine the final price of a security. The regulator proposed that session will be held separately for 20 minutes, from 3:15 pm to 3:35 pm, unlike an earlier proposal that suggested conducting it after market hours, between 3:30 pm and 3:45 pm. The session would be divided into four phases --reference price .

Sebi chairman urges caution over micro-cap stocks, calls for transparency

Sebi Chairman Tuhin Kanta Pandey urges mutual funds to exercise caution when investing in micro-cap stocks and bespoke deals, highlighting risks beyond investment

Markets regulator Sebi proposes changes to block deal framework

The regulator proposed to keep two windows for such deals, the morning session 8:45 am IST to 9:00 am IST, and the afternoon session 2:05 pm IST to 2:20 pm IST

Sebi appoints three executive directors to key leadership roles

Market regulator Sebi has announced that three executive directors -- Amit Pradhan, Avneesh Pandey and Sanjay Chandrakant Purao -- took charge on Friday. Before their promotions as executive directors, Pradhan, Pandey and Purao were holding the positions of chief general managers at Sebi. In his new role, Pradhan will handle legal affairs and the prosecution & settlement department, while Pandey will manage the information technology department. Purao will take care of the corporation finance investigation department, recovery and refund, along with the internal investigation department, the regulator said in three separate statements. In his prior role, Pradhan was Chief General Manager and Regional Director at Sebi, heading the Northern Regional Office in New Delhi. He has about 28 years of experience in legal and regulatory affairs, enforcement, policy development at Sebi, Insolvency and Bankruptcy Board of India (IBBI) and Competition Commission of India (CCI). He has also ...

Sebi revises proposal on close auction session for equity cash segment

Sebi's revised proposal on close auction session (CAS) for equity cash segment includes a 20-minute session and expands its applicability to stocks with sufficient liquidity

Sebi to offer extra incentives for first-time women investors in MFs

To encourage greater participation of women in mutual funds, markets regulator Sebi is planning to introduce additional incentives for investments by first-time female investors, its chief Tuhin Kanta Pandey said on Friday. "Financial inclusion will remain incomplete unless women are equally represented," Pandey said at an event organised by the Association of Mutual Funds in India (Amfi). "...We are thus also envisaging to introduce an additional distribution incentive for investments from first-time women investors," he added. He said that Sebi is taking a series of measures to facilitate and encourage the industry, and one such recent proposal is to incentivise distributors for investments from first-time individual investors in B30 cities (tier 2 and tier 3 cities). The move will not only bring new participants into the fold but also extend the reach of mutual funds into underrepresented regions, contributing to deeper financial inclusion. Also, to provide greater flexibility

Who is Avadhut Sathe? Finfluencer on Sebi's radar: what we know so far

Avadhut Sathe, an influential figure in the financial education space, is popular for his unconventional teaching methods

Sanjiv Bhasin to return to markets: Who is he & why was he barred by Sebi?

Sebi has gone after unregistered finfluencers for providing stock recommendations, and has taken measures to remove social media content and misleading advertisements

Sebi likely to recommend intra-day position limits for index derivatives

The regulator is re-looking at rules for equity derivatives after it temporarily banned US high-frequency trading firm Jane Street from the Indian markets

Sebi plans longer-tenor derivative products: Chairman Tuhin Kanta Pandey

Sebi chairman Tuhin Kanta Pandey said the regulator will consult stakeholders on extending the tenor of derivatives and hinted at a pilot project for regulated pre-IPO trading

Sebi acts against 'top finfluencer' doling out stock bets as education

Sebi has launched a search operation on a leading financial influencer in Mumbai for doling out stock recommendations without registration under the guise of investor education

True test of independent directors lies in their integrity, not box-ticking

Despite India's robust regulatory framework -strengthened by the 2013 Companies Act and Sebi's listing regulations - the chairman identified a troubling gap between structure and spirit

Sebi extends deadline till December for Karvy investors to file claims

Markets regulator Sebi on Thursday extended the deadline till December for investors of defaulted broker Karvy Stock Broking Ltd (KSBL) to file their claims. KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020. Following this, investors were invited to submit claims against the broker, with the final date for submission set as June 2, 2025. Now, the regulator has "decided to extend the deadline till December 31, 2025". Investors have been suggested to take note of the deadline and are urged to file their claims before the deadline, if not lodged already, Sebi said in its statement. For assistance, investors can reach out to NSE by calling its toll-free number 1800 266 0050 or by e-mailing at defaultisc@nse.co.in, it added. In April 2023, Sebi barred KSBL and its CMD C Parthasarathy from the securities market for seven years and also imposed a penalty of Rs 21 crore on them for misappropriating clients' funds by misusing the Power of Attorney gi

BSE, Angel One slip as Sebi mulls F&O tenures; Nifty Capital Mkt down 1%

The Nifty Capital Markets index, top loser among NSE indices, was down 1.52 per cent, as compared to a 0.22 per cent rise in the Nifty 50

Sebi plans to improve tenure, maturity of equity products: Tuhin Pandey

He said that volumes in the cash market have grown rapidly, doubling in terms of daily traded volumes over a three-year period

Sebi may introduce regulated platform for pre-IPO firms: Tuhin Kanta Pandey

The markets regulator, Sebi, may introduce a regulated platform where pre-IPO (initial public offering) companies can trade after making certain disclosures, its chairman Tuhin Kanta Pandey said on Thursday. This initiative would be on a pilot basis, he said. Speaking at an event organised by FICCI, Pandey said pre-listing information is often not enough for investors to make an investment decision. He hinted at an initiative "on a pilot basis for a regulated venue where pre-IPO companies can choose to trade subject to certain disclosures." This initiative is expected to eliminate unnecessary processes and pain points that cause avoidable friction in fundraising, disclosures and investor onboarding, he said. Additionally, this will explore emerging areas, products and asset classes that create both demand and supply of capital. When asked whether there is any discussion with depositories on the pre-IPO trading platform, he said, "This is only in principle with what I'm stating".

Sebi may raise minimum block deal size, widen permissible price range

Discusses framework reform with exchanges, market participants

Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC

Mindspace Reit has raised Rs 550 crore through sustainability-linked bonds from IFC, the World Bank Group arm, in the first issuance under Sebi's new ESG framework

Stock exchanges freeze more promoter demat accounts for non-compliance

The BSE froze promoter demat accounts in 457 companies, according to data from the Securities and Exchange Board of India's (Sebi's) 2024-25 annual report released on August 12