Page 27 - Sebi

Sebi cracks down on 'pump and dump': How it works, what you should do

From shady stock tips to sudden crashes, understand how 'pump and dump' scams unfold and what you can do if you've already fallen into the trap

Sunil Jayawant Kadam takes charge as Sebi's new executive director

Markets regulator Sebi on Tuesday said Sunil Jayawant Kadam took charge as an executive director. He will handle several departments, including Information Technology, Investor Assistance and Education and matters related to the National Institute of Securities Markets (NISM). In his new role, Kadam will also oversee Economic and Policy Analysis, General Services, Board Cell, RTI & PQ Cell. "Sunil Jayawant Kadam takes charge as Executive Director at Sebi," the regulator said in a statement. Kadam, who has been associated with Sebi since 1996, was serving as Chief General Manager before this elevation. He has handled several assignments, including roles in Corporation Finance, Market Regulation, Surveillance, and Investigations. He also served as Regional Director of Sebi's Northern Regional Office and as Registrar at NISM. He holds an MBA from the University of Pune and a postgraduate degree in Securities Law from Government Law College, Mumbai.

Shadowfax Technologies files confidential DRHP for ₹2,500-crore IPO

In its most recent funding round in February 2025, Shadowfax raised both primary and secondary capital at an approximate valuation of ₹6,000 crore.

Hero Motors refiles DRHP, raises IPO size to ₹1,200-cr; key details here

Hero Motors IPO: The IPO comprises a combination of fresh issue up to ₹800 crore and an OFS up to ₹400 crore by promoters

Meta on way to use Sebi's filter to weed out unregulated advisors

Meta mandates verification with Sebi registration for all securities and investment ads targeting Indian users, with global rollout and enforcement starting July 2025

Registered intermediaries allowed to use NPCI's e-KYC Setu System: Sebi

To make the KYC process easier, markets regulator Sebi on Monday said that registered intermediaries are allowed to use 'e-KYC Setu System' of National Payments Corporation of India (NPCI) to perform digital KYC. Registered intermediaries can use this facility to perform digital KYC, as an additional alternate mechanism available to them to carry out Aadhaar-based e-KYC of their clients. Under the present framework, registered intermediaries use e-KYC services of Unique Identification Authority of India (UIDAI) in the securities market. This service has been accepted as a valid process for digital Know Your Client (KYC) verification using KYC User Agency mechanism and or the Digilocker. NPCI along with UIDAI has developed and implemented a system known as 'e-KYC Setu System' to enable digitization of the customer onboarding.

Tenneco Clean Air India files for IPO with Sebi, seeks to raise ₹3000 cr

Tenneco Clean Air India Ltd, part of the US-headquartered Tenneco Group, on Monday filed preliminary papers with capital markets regulator Sebi for a Rs 3,000-crore initial public offering (IPO). The proposed IPO is entirely an Offer for Sale (OFS) by the promoter Tenneco Mauritius Holdings Ltd with no fresh equity issuance, according to the draft red herring prospectus (DRHP). Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO and all funds raised will go directly to the selling shareholder. The objective of the IPO is to achieve the benefits of listing, the draft papers stated. Tenneco Mauritius Holdings Ltd, Tenneco (Mauritius) Ltd, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC are the promoters of the company. Tenneco Clean Air India is part of the Tenneco Group, a US-headquartered automotive component supplier. The company manufactures and supplies critical, highly engineered and technology-intensive clean air,

German Green Steel files IPO papers with Sebi; seeks to raise ₹450 cr

Gujarat-based German Green Steel and Power has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The initial public offering (IPO) is a combination of fresh issuance of equity shares worth up to Rs 450 crore and an offer for sale of up to 20 lakh shares by promoters Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The company may consider a pre-IPO placement in consultation with the book-running lead managers before filing the red herring prospectus. If undertaken, the placement will not exceed 20 per cent of the fresh issue size. Proceeds from the fresh issue to the tune of Rs 325.21 crore will be used towards expansion of its manufacturing facility in Gujarat and setting up a hybrid wind and solar power plant while Rs 55.01 crore will be used for repayment of debt and general corporate purposes, according to the DRHP. As of May 31, 2025, the

Curefoods India files DRHP with Sebi, aims to raise ₹800 cr for expansion

Curefoods India IPO comprises a fresh issue of face value of ₹1 per share aggregating up to ₹800 crore and an OFS of up to 48.5 million equity shares

Silverton Industries files IPO papers, seeks ₹300 cr via fresh issue

Eco-friendly paper manufacturer Silverton Industries has filed draft papers with markets regulator Sebi seeking its approval to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 129.4 crore would be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. An additional Rs 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, Rs 72 crore for the payment of debt and the remaining funds for general corporate purposes. Silverton Industries is into manufacturing and marketing of eco-friendly ...

Cloud kitchens operator Curefoods files IPO papers; aims to raise Rs 800-cr

Cloud kitchens operator Curefoods India on Sunday filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 800 crore, and an offer-for-sale of 4.85 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, Curefit Healthcare, Iron Pillar PCC, Crimson Winter, Accel India V, Chiratae Ventures India Fund IV, Global eCommerce Consolidation Fund and Alteria Capital Fund will be offloading shares. The Bengaluru-based Curefoods India, which operates CakeZone and Nomad Pizza, plans to mobilise up to Rs 160 crore in pre-IPO round. If it completes the pre-IPO placement, then the size of the fresh issue will be reduced accordingly. Proceeds from the IPO to the tune of Rs 152.54 crore will be allocated towards expansion and equipment, including Rs 126.32 crore for setting up new Krispy Kre

Pump & dump stock 'scam': Sebi seizes 'incrimating evidence' in search ops

Markets watchdog Sebi on Friday said it has seized "incriminating evidence" in the pump and dump scam involving shares of various companies during search operations conducted this month. Without disclosing specific details, the Securities and Exchange Board of India (Sebi) said as part of probing the scam, search and seizure operations were carried out at multiple locations. In a pump and dump scheme, fraudsters typically spread false or misleading information to create a buying frenzy that will "pump" up the price of a stock and then "dump" shares of the stock by selling their own shares at the inflated price. Once the fraudsters dump their shares and stop hyping the stock, the stock price typically falls and investors lose money. In a statement, Sebi said it has conducted search and seizure operations at multiple locations in the month of June 2025 in connection with pump and dump in certain scrips and has seized incriminating evidences. "Investigation in the matter is under ...

Sebi streamlines minimum information rules for RPTs from September

From September 1, companies must provide detailed certificates, valuations and disclosures to audit committees and shareholders for related party transactions

Sebi conducts raids across country; cracks down on pump, dump schemes

Sebi has seized incriminating evidence through multiple search operations across cities as part of its investigation into fraudulent pump and dump stock schemes

Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr

Home and furnishings company Wakefit Innovations Ltd has filed preliminary papers with markets regulator Sebi, seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO of the Bengaluru-based company is a combination of a fresh issue of equity shares aggregating up to Rs 468.2 crore and an offer for sale (OFS) of 5.84 crore equity shares by the selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. As part of the OFS, the promoters -- Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders -- Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I will be offloading shares. Wakefit proposes to utilise the proceeds from the fresh issue worth Rs 82 crore for setting up of 117 new COCO -- Regular Stores and one COCO -- Jumbo Store; Rs 15.4 crore towards ...

Sebi extends investor-protection rule to passive mutual fund breaches

Timelines for portfolio rebalancing in schemes will now be applicable to all types of passive breaches across actively managed schemes

Jio Financial stock hits 6-mth high, soars 5% on heavy volumes; here's why

Jio Financial share price rises on Friday: BlackRock Broking Private Limited has received regulatory approval from the Sebi to commence operations as a brokerage firm in India.

Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Thursday. As part of the OFS route, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore. Also, the Mumbai-based Credila Financial Services is looking to raise about Rs 600 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh issue will reduce accordingly. The updated draft filing comes after Credila's confidential offer documents w

Mutual fund schemes renamed to align with the Sebi category norms

With Sebi's June deadline nearing, fund houses rename equity schemes to reflect category names and avoid investor confusion; more changes may follow

Sebi extends portfolio rebalancing timelines to all passive breaches in MFs

Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs). Passive breaches generally do not happen due to the omission and commission of Asset Management Companies (AMCs). The mandated rebalancing period for all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), is 30 business days. Such breaches may be caused by corporate actions, significant price movements in underlying securities, maturity of instruments, or large-scale investor redemptions. The clarification came in the wake of a recommendation made by the Mutual Funds Advisory Committee (MFAC) and is aimed at ensuring consiste