Page 33 - Sebi

Sebi bars Seacoast Shipping and promoters from markets for five years

Sebi has restrained Seacoast Shipping Services and its promoters from the securities market for five years, besides ordering them to disgorge unlawful gains of nearly Rs 48 crore, for misrepresenting financial statements, fund diversion, and governance lapses. In a 187-page order passed on Wednesday, the regulator found that Seacoast Shipping Services Ltd (SSSL) misrepresented financial results during the FY21, FY22, FY23 and for the period April 1, 2023, to December 31, 2023, were not genuine and misled the investors about its true financial health. "The financial statements of SSSL during the period were misrepresented/misstated, hence the allegation of publishing misrepresented financial statements is established against Noticee 1, 2 and 3 (SSSL, Manish Shah and Sameer Shah). "The allegation of fraudulently allotting 1.50 crore equity shares of SSSL to Manish Shah, and thereby, defrauding SSSL also stands established against Noticee Nos 1, 2 and 3," Sebi's whole-time member Kamle

Cash market activity will revive as confidence builds: Pranav Haridasan

Brokers must differentiate through advisory, technology, and customer experience rather than relying solely on pricing, MD and CEO of Axis Securities said

PhonePe files draft papers via confidential route ahead of likely IPO

Fintech startup reported 40% revenue growth and positive cash flows in FY25

Sebi hikes custodian net worth requirement to ₹75 cr for risk management

Markets regulator Sebi has raised the minimum net worth requirement for custodians to Rs 75 crore from Rs 50 crore at present in a bid to strengthen risk management systems. Existing custodians can achieve new networth requirements within three years, Sebi said. "A custodian, who was granted a certificate of registration prior to the commencement of the Sebi Custodian (Amendment) Regulations, 2025, shall, within three years from such commencement, raise its net worth to not less than Rs 75 crore, separately and independently, of the capital adequacy requirements, if any, for each activity undertaken by it under relevant regulations," Sebi said in a notification dated September 18. Additionally, Sebi has put in place custodians' responsibilities, including maintaining an appropriate governance structure, risk management policies, and scalable infrastructure and appropriate technical capacity. Sebi asked custodians not to indulge in any unfair competition, which is likely to harm ...

Gautam Adani pledges stronger governance following Sebi clean chit

Adani calls Sebi's verdict a resounding validation, vows tighter governance, stronger sustainability, and $100 bn investments in energy and infrastructure

Hindenburg report was an attack on Indian enterprise, says Gautam Adani

Gautam Adani called the 2023 Hindenburg report a direct attack on Indian enterprise, saying it became an inflection point that hardened Adani Group's resolve.

Duro Capital hits first close of ₹200 crore on maiden India AIF offering

Duro Opportunities Fund, a Sebi-registered AIF, aims to raise ₹1,000 cr from Indian family offices for concentrated bets on listed companies across sectors

Disclosures do not bind listed firms or create liabilities, Sebi tells HC

The Bombay High Court on Tuesday allowed the companies to withdraw their petition

JM Group entities pay ₹3.9 cr to settle regulatory lapses case with Sebi

JM Group entities -- JM Financial, JM Financial Services and JM Financial Products -- have settled with markets regulator Sebi a case of alleged irregularities in managing public issue of non-convertible debentures (NCDs) of Piramal Enterprises after paying Rs 3.92 crore. Additionally, JM Financial Ltd (JMFL) and JM Financial Services Ltd (JMFSL) disgorged illegal gains worth Rs 1.22 crore and Rs 1.33 crore, respectively, according to a settlement order passed by Sebi on September 19. Also, JM Financial has agreed to a voluntary three-month debarment from acting as a manager in any public issue of debt securities, effective from the date of the settlement order. Similarly, JMFSL will refrain from acting as a distributor in such issues for the same period, while JMPL has accepted a three-month ban on undertaking IPO financing activities. The case relates to public issues of NCDs during 2023. During the examination of one such public issue of NCDs of Piramal Enterprises, it was obser

Sebi, RBI in talks to ease entry processes for foreign investors in India

The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries

Sovereign wealth funds, pension players leave other FPIs blinking

Overall, FPI assets have grown 139.5% since August 2020, while sovereign wealth fund investments have grown 155.2%

'Time to accelerate': Adani outlines priorities after Sebi case closure

Days after receiving a clean chit from SEBI over the Hindenburg allegations, billionaire Gautam Adani said his ports-to-energy group will now shift toward accelerating innovation, improving transparency, and building for long-term impact. "Today, a cloud that had hung over us for more than two years has been lifted," Adani said in an internal message to staff, seen by PTI. "SEBI's comprehensive investigation has concluded by rejecting all allegations contained in the Hindenburg report from January 2023." The January 2023 Hindenburg report accused the group of accounting irregularities, stock price manipulation, and the use of opaque offshore entities - allegations that triggered a selloff across Adani's listed companies and erased more than USD 150 billion in market capitalisation at one point. Adani Group repeatedly denied the allegations made by Hindenburg, which has since disbanded. The Securities and Exchange Board of India (SEBI) last week dismissed some of Hindenburg's claims

SAT directs Sebi to share more documents in Axis front-running case

The Securities Appellate Tribunal has partly allowed Viresh Joshi's appeal, directing Sebi to share more documents in the Axis Mutual Fund front-running investigation

Adani Group posts ₹1.16 trillion market cap jump, biggest in 10 months

Adani Group stocks added Rs 1.16 trillion in market value, the sharpest rise since November 2024, after Sebi dismissed key Hindenburg allegations against the conglomerate

Adani Group firms combined mkt valuation jumps ₹1.78 trn in 2 days

Adani Group companies continued to rally on Monday, adding Rs 1.78 lakh crore in market valuation in two days, propelled by heavy buying in listed stocks following markets regulator Sebi's clean chit in the Hindenburg case. The regulator's order, which dismissed allegations of stock manipulation and related-party misuse, has led to optimistic investor sentiment, sending Adani stocks sharply higher for the second day in a row. Shares of Adani Power jumped 19.99 per cent to hit its upper circuit limit of Rs 170.15 apiece on the BSE. The stock of Adani Total Gas skyrocketed 19.87 per cent, Adani Green Energy zoomed 11.75 per cent, Adani Energy Solutions surged 6.94 per cent, Adani Enterprises Ltd climbed 4.24 per cent, Ambuja Cements rallied 1.43 per cent, Adani Ports went up by 1.17 per cent, NDTV edged higher by 1.12 per cent and ACC (0.30 per cent). Together, these firms added Rs 1,78,598.41 crore in market valuation in two days. The rally in the stocks came after Sebi on Thursday

Sebi proposes revamp of glitch rules, exemptions for small brokers

Sebi has issued a consultation paper to narrow the definition of technical glitches, ease compliance for small brokers, and strengthen oversight for larger players

Adani Group stocks rally up to 19%; Adani Enterprises up 3% in muted market

The Adani Group gained ₹66,000 crore in market capitalisation on Friday after Sebi gave a clean chit regarding the Hindenburg Research allegations

Adani seeks accountability as Sebi dismisses Hindenburg allegations

Adani Group demands accountability after SEBI cleared it of Hindenburg's charges that triggered a $150 billion market loss and rattled investor confidence in 2023

Adani group adds ₹66K cr in value amid choppy markets after Sebi relief

Adani Group's nine listed firms gained up to 12 per cent as Sebi dismissed key Hindenburg charges, lifting market value by Rs 66,000 crore, with Adani Power leading the rally

More Sebi orders likely in Adani case; MPS, insider trading under lens

Sources said regulator still examining charges related to possible violations of MPS, insider trading norms