Page 32 - Sebi

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

Sebi cracks down on Zee Business trades, slaps ₹4 cr fine; bans 4 entities

Sebi on Monday barred four entities from the securities market for two years and imposed a penalty totalling Rs 4 crore on them for executing trades based on advance information of stock recommendations given by guest experts on the Zee Business channel. "The said debarment period shall be reckoned from the date of the Interim order dated February 08, 2024," Sebi said in its 55-page final order. Individually, the regulator fined Rs 50 lakh on Partha Sarathi Dhar, Rs 75 lakh each on Manan Sharecom and Kanhya Trading Company, and Rs 2 crore on SAAR Commodities. In its order, Sebi noted that the four entities made a profit by executing trades based on advance information of stock recommendations given by guest experts. The investigation found that stock tips were pre-shared with select entities, giving them an unfair advantage over public investors. These entities placed trades in advance and booked profits once the stock prices moved following the televised tips. Evidence collected

Jane Street seeks more time from Sebi to respond to July 3 order

The regulator lifted the trading ban on the HFT firm after it deposited ₹4,843.57 crore in an escrow account

Why angel investors in India may soon be rarer than Bengal tigers

Sebi wants individuals to get accredited like US investors, but with only 650 approvals so far, India's angel investors are rarer than Bengal tigers, threatening early-stage funding

Street Signs: Phantom trader returns, compliance burden on fund managers

A new institutional mechanism to check market abuse is expected to relax certain compliance rules for fund managers starting next month

India's derivatives delusion: Regulatory triumph exposes market flaws

The larger question is whether India's F&O market serves any real purpose

One nation, one KYC: Sebi shows the way, other regulators should follow

Other regulators should follow Sebi's lead in explicitly stating that once a client completes KYC with one intermediary, they shouldn't have to repeat the process with another

Sebi cancels registration of 13 advisers over non-payment of renewal fees

Markets regulator Sebi on Friday cancelled the registration of 13 entities as investment advisers after they failed to pay the renewal fees. "The main purpose of cancellation of certificate of registration, as investment adviser, of the noticees (13 entities) is to prevent the misuse of their expired certificate of registration with Sebi on unaware investors," the regulator said in its order. However, Sebi clarified that these entities would continue to be liable for anything done or omitted to be done as investment advisers despite the cancellation of registration. These 13 entities are -- Manjeet Singh Vohra, Tarun Kumar Sapra, Gowri Suganya B, Sanjay Subodhchandra Shukla, Shaji George, Ravi Mittal, VBS Investments, Ravishankar K Iyer, MG Funds, Sandeep Ahuja, Harsh Agarwal, Varun Jalan and Gaurav Kedia. Considering that the entities have not paid the renewal fees to keep the registration in force, and their registration certificates as investment advisers have expired, Sebi has

Sebi considers easing rules for issuers of non-convertible securities

Markets regulator Sebi on Friday proposed to ease the rules for issuers of non-convertible securities by replacing the requirement of sending a hard copy of financials and annual reports to security holders with a web link and quick response (QR) code to access the same. The relaxation from sending physical copies of financials will result in cost savings and prevent paper wastage. Also, this would lead to regulatory consistency and ease of doing business. In its consultation paper, Sebi suggested that issuers should send a letter providing the quick response code and web link, including the exact path, where complete details of the annual report are available, to holders of non-convertible securities. The provision of a QR code is proposed to be incorporated to facilitate ease of access for the debenture holders, the regulator said. Additionally, Sebi proposed specifying timelines for issuers having listed non-convertible securities regarding the requirements of sending a copy of

The Revenge of Badla: How early 2000s market shifts fuel Jane Street case

The Badla system was a hybrid cash & futures trading product. It was offered on the BSE, and had been an age-old system for trading on margin