Page 21 - Sebi

Fund of funds launch spree moves to hybrid, diversified equity space

5 all-in-one FoFs to plate up equity and debt, some with lower volatility baked in

NSE pays markets regulator Sebi $4.6 million to settle data sharing case

NSE's system architecture enabled it to send price-sensitive corporate announcements to NDAL's clients prior to being published on its website, violating disclosure norms, Sebi added

Choice AMC gets nod for MF foray; brokers call for F&O universe expansion

Brokers lobby group Association of National Exchanges Members of India (Anmi) on Friday called for an expansion of the stock universe eligible for futures and options (F&O) to deepen the cash market

Sebi's new reforms aim to streamline mega IPOs, drawing positive response

Sebi's proposals to ease IPO processes, including reducing retail quotas and lowering mandatory dilution, are expected to boost institutional participation and make large IPOs more flexible

Sebi chairman Tuhin Kanta Pandey commits to combat financial fraud

Sebi Chairman Tuhin Kanta Pandey stresses importance of early fraud detection and warns auditors and directors against merely ticking boxes for compliance, underlining need for more robust measures

Sebi proposes stricter norms for green bond reviewers to curb conflicts

Sebi on Friday said it has proposed to tighten the norms to appoint independent third-party reviewers or certifiers for green debt securities to align them with requirements for other ESG-linked bonds. In a draft circular, Sebi said that the current norms for green bonds, introduced in February 2023, lack detailed requirements around reviewer independence, conflict of interest mitigation, and disclosure standards that are now in place for other ESG-linked securities under a June 2025 circular. The regulator's latest proposal seeks public comments on a revised framework that would bring parity by incorporating comprehensive criteria for third-party certifiers of green bonds on non-convertible securities. Under the proposed norms, issuers of green debt securities will need to appoint reviewers who are independent of their management, directors, and key managerial personnel. These reviewers will be remunerated in a way that prevents any conflicts of interest and possess relevant ...

Choice AMC gets Sebi nod to launch mutual fund operations with ETFs

Financial services company Choice International on Friday said its arm Choice AMC has received final approval from Sebi to commence operations as an Asset Management Company (AMC), marking its foray into the mutual fund business. The regulatory clearance enables the Mumbai-headquartered Choice group to formally roll out its mutual fund operations, expand its offerings across the financial services spectrum, the company said in a statement. Choice will now initiate operations of its AMC, with a strategic and phased rollout beginning with passive investment products such as index funds and exchange traded funds (ETFs), it added. "This approval marks a significant milestone in the expansion of our financial services portfolio and reinforces our long-term commitment to delivering comprehensive and accessible investment solutions. "The mutual fund platform will initially focus on passive products, in line with our objective to build a stable, scalable, and professionally managed asset .

Sebi proposes to widen institutional investment in Reits and InvITs

Strategic investors receive allocation before an issue opens, and are required to invest at least 5% and up to 25% of the total offer size in REITs and InvITs

Jane Street not cooperating in India tax probe, says Income Tax Dept

Jane Street is accused of blocking server access and keeping financial records abroad, as the Income Tax department probes alleged tax violations linked to Sebi's earlier market manipulation case

Sebi plans larger quota for institutions in big IPOs, trims retail share

Sebi said its proposals reflect current market conditions, marked by robust mutual fund inflows and larger IPO sizes

Sebi plans revamp of large IPO norms; retail quota may drop to 25%

Sebi noted that while average IPO sizes have been increasing, direct retail participation has remained flat over the past three years

Sebi asks institutions to ensure digital access for special-needs persons

Capital markets regulator on Thursday directed all regulated entities to make their digital platforms accessible to persons with disabilities, in compliance with the Rights of Persons with Disabilities Act. In a circular, Sebi said, "The move is aimed at protecting the rights and dignity of persons with disabilities and ensuring their full and effective participation in the securities market". The directive follows a Supreme Court verdict dated April 30, 2025, that recognised digital access as a fundamental right under the right to life and liberty. The mandate applies to all Sebi-regulated entities (REs), including stock exchanges, clearing corporations, depositories, brokers, mutual funds, and KYC agencies. They must ensure compliance with key provisions of the Rights of Persons with Disabilities (RPwD) Act and related rules to facilitate access to websites, mobile apps and other platforms. Sebi said the regulated entities (REs) must submit lists of their digital platforms and .

Jane Street seeks 6 more weeks to reply to Sebi in options trade case

The Securities and Exchange Board of India is considering granting about four more weeks to the US trading firm

Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case

Markets regulator Sebi on Wednesday upheld its interim order restraining Gensol Engineering and its former top executives Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets on concerns over fund diversion and corporate governance failures. Additionally, the regulator said Jaggi brothers, also co-founders of EV ride-hailing firm BluSmart Mobikity, would continue to be debarred from holding the position of a director or key managerial personnel in Gensol. The final order comes as the company undergoes insolvency proceedings under the supervision of a court-appointed professional. The brothers have been accused by Sebi of siphoning off loan funds from their publicly-listed company Gensol for personal use, raising concerns over corporate governance and financial misconduct. In a detailed confirmatory order, Sebi stated that the prima facie findings of misappropriation of funds and falsification of conduct letters to CRAs -- initially highlighted in its April 2025 inte

Sebi fines nearly ₹4 cr on 11 entities for share price manipulation

Markets regulator Sebi on Wednesday imposed a penalty totalling Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL) using social media channels. The fines need to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. In its order, Sebi noted that a multi-layered market manipulation scheme was orchestrated in the scrip of DOL during September 2021 to June 2022, involving these entities across three distinct operational tiers, whereby in tier 1, Noticee 1 (Aakash Doshi) accumulating the company's shares through his own account and those of his father Dilip Doshi, while Kevin Kapadia traded in his wife's account Kruti Kevin Kapadia and provided crucial funding support to other participants. In tier 2, the funding infrastructure was bolstered by Satyen Dalal, who provided Rs 46 lakh in tranches to the Doshi family during the share accumulation phase and received back 90 per cent of these funds during the selli

Jane Street yet to resume F&O trade; market vigilance up: Sebi chief

Sebi 'not here to play hero', can't treat someone as guilty without due process: Tuhin Kanta Pandey

Market regulator Sebi opens innovation sandbox to fractional share pitch

Sebi okays pilot for fractional shares via its innovation sandbox; Xaults to showcase custody-led model over coming months, pending shift to regulatory sandbox

Sebi fines HUF ₹10 lakh for 'insider trading' in HDFC merger shares

Capital markets regulator Sebi on Tuesday levied a fine of Rs 10 lakh on an entity for trading in the shares of HDFC Ltd and HDFC Bank while in possession of unpublished price sensitive information (UPSI) related to their merger. Sebi found that Rupesh Satish Dalal HUF had traded in derivatives of both HDFC entities on April 1, 2022 -- just days before the official announcement of the merger between HDFC Ltd and HDFC Bank on April 4, 2022. Rupesh Satish Dalal is the karta of Rupesh Satish Dalal HUF. The regulator's probe revealed that Dalal had received UPSI through his son, who was in close and regular contact with a person (individual) who was an insider associated with Deloitte. Deloitte Touche Tohmatsu India LLP was engaged as the valuer for the merger exercise and the individual was part of the valuation team from March 29, 2022. The individual and Dalal's son were long-time friends and exchanged several calls in the run-up to the trades. Sebi also noted that a meeting betwee

Lenskart files DRHP for IPO, aims to raise ₹2,150-cr; check key details

Peyush Bansal-led Lenskart Solutions plans to raise ₹2,150 crore through a fresh issue of shares as part of the offering

Jane Street to argue that retail demand drove its India options trades

Sebi's 105-page order highlights Jane Street's trades on Jan 17, 2024 - its most profitable day in a two-year period under review by the regulator