Page 25 - Sebi

Sebi eases IPO dilution rules, extends MPS timeline to help big listings

The regulator also approved an easier onboarding of FPIs

Disclosure of family agreements must for listed firms: Sebi in HC

The regulator made these submissions to the Bombay HC in a petition filed by Kirloskar group firms

SC approves ₹5,000 crore payout from Sebi-Sahara fund to depositors

The Supreme Court on Friday ordered the disbursal of Rs 5,000 crore of over Rs 24,000 crore deposited by Sahara Group with market regulator Securities and Exchange Board of India to repay dues of the depositors of the Sahara Group of Cooperative Societies. A bench of Justices Surya Kant and Joymalya Bagchi allowed an application filed by the Centre seeking allocation of the amount lying in the SEBI-SAHARA refund account for payment to the depositors. The top court also extended the date from December 31, 2025 to December 31, 2026 for disbursal of Rs 5,000 crore to the depositors allocated in 2023. The bench said the order was in line with the March 29, 2023 order where a similar application of the Centre was allowed for allocation of Rs 5,000 crore to repay dues of the depositors of the Sahara Group of Cooperative Societies. The amount of Rs 5,000 crore was directed to be transferred from the SEBI-Sahara Refund Account to the Central Registrar of Cooperative Societies, which was as

Sebi board clears IPO rule relaxations, new norms for foreign investors

Stock market regulator Sebi's board on Friday cleared significant reforms, focusing on IPO regulations, simplified entry for foreign investors, and a new framework for anchor investors in public issues. This was the third board meeting chaired by Sebi chief Tuhin Kanta Pandey who assumed office on March 1. Among the proposals approved included relaxing the minimum IPO requirements for very large companies, and also extending the timeline for them to meet minimum public shareholding norms. In its board meeting, Sebi approved a proposal to make it easier for low-risk foreign investors to participate in the Indian securities market with the introduction of a single window access. This is aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. To enhance the attractiveness of IPOs for global funds, Sebi decided to revamp share-allocation framework for anchor investors in companies' maiden public offerings. Additionally, it has been deci

Tariffs to dent India Inc's Q2; Fed cut to benefit India most: Swastika MD

Recent US tariffs of up to 50 per cent on over half of India's exports are creating significant headwinds for Q2 FY26 corporate profits, says Nyati

Sebi board likely to meet on Friday to consider regulatory reforms

Markets watchdog Sebi's board is likely to discuss a raft of regulatory reforms during its upcoming meeting on Friday. These measures included relaxing the minimum IPO requirements for very large companies, and also extending the timeline for them to meet minimum public shareholding norms, sources said. Other key items on the agenda included simplifying compliance for foreign portfolio investors (FPIs), relaxing the regulation for accredited investors in certain alternative investment funds (AIFs), expanding the scope of rating agencies' activities, and granting equity status to REITs and InvITs, they added. Several of these proposals have already been floated for public consultation, indicating a broader push towards refining the regulatory landscape. This would mark the third board meeting under the chairmanship of Tuhin Kanta Pandey, who assumed office on March 1. The board may approve a proposal to encourage large issuers to pursue listings in India. Under the proposal, for .

Sebi allows co-investment window inside alternative investment funds

Co-investment will allow an accredited investor to take direct exposure to the unlisted asset where the AIF is also investing

FIA backs Sebi's glide path proposal for non-index derivative rules

For the BSE's Bankex index, FIA has said, a one-step realignment is justified because the gauge is not widely tracked by ETF and index-fund

Sebi eases InvIT, REIT rules for HNIs: ₹25 Lakh now enough to get started

From ₹1 Crore to ₹25 Lakh: Sebi Cuts Minimum InvIT Investment Size

Sebi refuses more data to US trading firm Jane Street as probe deepens

SAT admitted Jane Street's appeal against Sebi over alleged Bank Nifty manipulation, asking Sebi to reply in 3 weeks, with the next hearing set for November 18

Sebi comes out with simplified disclosure format for portfolio managers

To facilitate ease of doing business, markets regulator Sebi on Tuesday came out with a simplified format for disclosure documents for portfolio managers. The 'disclosure document' has been divided into two sections -- static and dynamic -- the Securities and Exchange Board of India (Sebi) said in its circular. The dynamic section includes the content that undergoes frequent changes, whereas the static section includes disclosures that do not change frequently. Under the static section, portfolio managers need to disclose on disclaimer clauses, definitions, description, penalties, pending litigation or proceedings, findings of inspection for which action may have been taken or initiated by any regulatory authority, services offered, risk factors, nature of expenses, taxation, accounting policies, investors services and details of the diversification policy of the portfolio manager. In the dynamic section, portfolio managers need to disclose client representation, financial ...

Sebi eases IPO regulations, allows startup founders to retain ESOPs

In a big relief to startup founders looking to go public, Sebi has amended rules allowing them to retain Employee Stock options (ESOPs) granted at least one year before filing preliminary IPO (initial pubic offering) papers. "An employee who is identified as a 'promoter' or part of the 'promoter group' in the draft offer document filed by a company with the Board in relation to an IPO, and who was granted options, SAR (Stock Appreciation Rights) or any other benefit under any scheme at least one year prior to filing of the draft offer document, shall be eligible to continue to hold and/or exercise such options, SAR or any other benefit," Sebi said in a notification made public on Tuesday. The new rule would facilitate founders who received ESOPs at least one year before the filing of draft papers to continue holding or exercising such benefits even after being specified as the promoter and the company becoming a listed entity. Under the existing regulations, promoters are ineligible

Sebi revises InvITs norms, minimum investment slashed to ₹25 lakh

Markets regulator Sebi has notified rules to reduce the minimum allotment lot in the primary market for privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh, aligning it with the trading lot size in the secondary market. Prior to this, the minimum allotment lot in the primary market for privately placed InvITs was Rs 1 crore or Rs 25 crore, depending on the asset mix. However, in an earlier round of reforms, the trading lot size in the secondary market had already been reduced to Rs 25 lakh, irrespective of the asset mix. Accordingly, this amendment introduces a uniform minimum allotment size of Rs 25 lakh in the primary market for all privately placed InvITs, harmonizing it with the secondary market norms. Also, the regulator, through separate notifications dated September 1, enhanced the ease of doing business for the activities of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by amending rules. Under the norms, Sebi sai

Sebi notifies easier delisting rules for PSUs with 90% govt holding

Markets regulator Sebi has introduced special measures for voluntary delisting of PSUs, where the government owns 90 per cent or more stake, in a move aimed at streamlining the exit process. Such measures include relaxations from the requirement of a two-thirds threshold for approving delisting by public shareholders and in the mode of computation of the floor price. Also, such delisting can happen at a fixed price at least 15 per cent premium over the floor price-- regardless of trading frequency. In its notification dated September 1, Sebi said the rule is applicable for PSUs-- excluding banks, Non-banking Financial Companies (NBFCs) and insurance companies-- where the state owns 90 per cent or more stake. The floor price for delisting will be calculated using the highest of three options-- volume weighted average price paid during the 52 weeks immediately preceding the reference date; highest price paid during the 26 weeks immediately preceding the reference date; and the pri

Sebi expedites IPO approvals as it looks to ease regulations: Report

Sebi is using artificial intelligence to scan documents for shortcomings and engaging with merchant bankers to speed up clarifications needed, the regulatory sources said

Sebi says Jane Street probe could be wider as firm demands release of docs

Jane Street told SAT Sebi ignored its own surveillance report and sought access to NSE communications and regulator emails in the ₹4,840-cr case

Jane Street vs Sebi: SAT hearing begins today in market manipulation case

The Securities Appellate Tribunal begins hearing Jane Street's challenge to Sebi's July order amid claims of withheld documents and unfair trading ban

Sebi revises settlement dates after September 8 declared holiday

Sebi has changed settlement schedules for derivatives, cash, and SLB segments after clearing corporations declared September 8 a holiday, ensuring smooth market functioning

Glass Wall Systems files DRHP for IPO, aims to raise ₹60-cr; check details

Glass Walls Systems (India), a Mumbai-based premium façade solutions and fenestration provider, has filed a DRHP with the Sebi for its maiden public issue

Settlement dates for cash, SLBM segments revised amid consecutive holidays

The settlement cycle for cash, derivatives, and securities lending and borrowing mechanism (SLBM) segments has been revised after September 5 and September 8 were declared as settlement holidays by clearing corporations, markets regulator Sebi said on Monday. The decision has been taken in consultation with stock exchanges and clearing corporations, the Securities and Exchange Board of India (Sebi) said in a statement. "The settlement for the derivative segment for the 3 trade days viz. September 04, 2025 (Thursday), September 5, 2025 (Friday) and September 8, 2025 (Monday) will be undertaken on September 9, 2025 (Tuesday)," it said. For cash and SLBM segments, settlement for trades executed on September 4 and September 5 will also be carried out on September 9, while settlement for trades of September 8 and September 9 will be undertaken on September 10. Earlier, stock exchanges BSE and NSE had announced September 5 as a settlement holiday. However, after the Maharasthra governmen