Page 33 - Sebi

Kanodia Cement files papers with Sebi seeking approval to float IPO

Cement manufacturing company Kanodia Cement has filed preliminary papers with the markets regulator Sebi, seeking its approval to float an Initial Public Offering (IPO). The IPO is entirely an Offer For Sale (OFS) of 1.49 crore shares by promoters and an individual shareholder, with no fresh issue component, according to the draft red herring prospectus (DRHP) filed on Thursday. Since the public issue is completely an OFS, the company will not receive any funds from the issue and entire proceeds will go to selling shareholders. Kanodia Cement is a cement manufacturing company operating through Satellite Grinding Units (SGUs) in the states of Uttar Pradesh and Bihar, specialising in the production of blended cement such as Portland Pozzolana Cement and Composite Cement. It operates through a unique combination of business-to-business contract manufacturing for cement brands (Contract Manufacturing Model); and production and marketing of its own consumer brands (Business-to-Consumer

Jane Street nets $2.3 bn from booming India equity options trading

The trading haul was a sharp surge from 2023, underscoring the country's growing importance to the firm's global expansion, according to people familiar with the matter

Looking into possible 'egregious violation' at IndusInd Bank: Sebi chief

Sebi is examining IndusInd Bank for possible regulatory breaches amid allegations of insider trading and fraud in derivative accounting

A third of GenZ investing in securities mkt: Sebi chief Tuhin Kanta Pandey

Sebi chief Tuhin Kanta Pandey says GenZ's growing market participation signals rising trust in financial systems and an opportunity for inclusive capital formation

Sebi to auction 30 Rose Valley properties worth ₹409 cr to repay investors

The auction follows a 2015 order by the Calcutta High Court, which set up an Assets Disposal Committee to oversee the sale of Rose Valley's assets

NSE seeks Sebi nod to move weekly index expiry from Thursday to Tuesday

NSE proposes shifting weekly index derivative expiry to Tuesday from Thursday as Sebi moves to standardise expiries and curb volatility

NSE IPO: Sebi chairman says all outstanding issues will be resolved soon

Sebi chief Tuhin Kanta Pandey on Thursday exuded confidence that all outstanding issues in the NSE (National Stock Exchange) IPO will be resolved soon. The NSE's IPO proposal has been pending with the Securities and Exchange Board of India (Sebi) as the regulator has certain concerns. Sebi's concerns include the compensation given to key management personnel, technology and the majority ownership in Clearing Corporation, among others. "All the outstanding issues will be resolved and we will move forward...NSE and Sebi are talking, they are resolving the issues and I'm very hopeful, it will be cleared and will move forward," Pandey told reporters at an event organised by Assocham. Asked when the issues would be resolved, he said ," Can't give a timeline but we should be soon doing it". The bourse has restarted its listing process by applying for a No Objection Certificate (NOC) at the Securities and Exchange Board of India (Sebi). It can be noted that NSE's IPO plans have been st

Rising stock market frauds puts Sebi on high alert; calls for swift action

Broker lookalikes and scam apps draw regulator's second caution notice

Logistics firm Shiprocket confidentially files draft papers for IPO

Shiprocket's IPO will include a fresh issue and offer for sale; proceeds to fund tech upgrades, acquisitions, and expansion of logistics and warehousing capacity

Sebi warns investors about stock market scams via social media platforms

The market regulator issued the advisory statement in response to the growing number of frauds and scams that lure investors with false promises of outsize returns

ASCI calls for regulatory clarity on opinion trading and its advertising

ASCI white paper urges regulation of opinion trading platforms amid concerns over betting-like mechanics, financial risks and misleading advertising practices

Sebi nod to seven IPOs including Credila Financial and Sri Lotus Realty

Credila's Rs 5,000 crore IPO, Sri Lotus' Rs 792 crore issue among offerings approved by Sebi as market sentiment lifts public listing momentum

Sebi threatens two offshore funds holding Adani Group shares with penalties

Indian regulations require that at least 25% of the shares of listed companies be held by public shareholders

Shiprocket plans to raise ₹2K cr-2.5K crore via confidential IPO route

Logistics unicorn Shiprocket is preparing a ₹2,000-2,500 crore IPO comprising fresh issue and OFS, with proceeds likely to go into tech, warehousing, and expansion

Sebi orders Mehul Choksi to pay ₹2.1 crore for insider trading breach

Sebi has issued a ₹2.1 crore notice to Mehul Choksi for insider trading in Gitanjali Gems and warned of asset seizure; he also faces a court warrant in a ₹55 crore fraud case

Sebi revises norms, bars managing directors from MIIs' audit committees

Sebi excludes Executive Directors including MDs from audit committees of MIIs and mandates stricter internal audit norms based on industry feedback and SMAC inputs

Sebi probes six IndusInd Bank officials over insider trading claims: Report

India's market regulator Sebi is investigating six IndusInd Bank officials for allegedly selling stock options while aware of undisclosed accounting discrepancies

Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches

"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary

Mint Road's enforcement framework shifts focus to governance premium

The woes at IndusInd Bank have put the spotlight back on a key initiative the banking regulator's Enforcement Department set rolling in FY24

Sebi mandates e-book mechanism for private debt securities above Rs 20 cr

Markets regulator Sebi has made the electronic book mechanism mandatory for all private placement debt issues of Rs 20 crore or above and expanded the platform's scope to include REITs and InvITs. The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider (EBP) platform. Under the new framework, the use of the EBP platform is now mandatory for private placements of debt securities, non-convertible redeemable preference shares (NCRPS), and municipal bonds, where the issue size is Rs 20 crore or more, including single, shelf, and subsequent issues within a financial year, according to a Sebi circular. Earlier, the mechanism was mandatory for all private placements of debt securities with an issue size of Rs 50 crore or more. Sebi has extended products on the EBP platform to infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs). Before that, there was no specific ..