Page 35 - Sebi

Greaves Electric gets Sebi nod for public listing, looks to raise ₹1000 cr

Greaves Electric Mobility has received Sebi's approval to launch an IPO, aiming to raise ₹1,000 crore through fresh shares and an OFS, with funds planned for tech, capacity, and expansion projects

Groww Invest pays over ₹34 Lakh to settle Sebi case linked to tech glitch

Groww Invest has paid ₹34.12 lakh to settle a Sebi case over a January 2024 tech glitch that left customers unable to trade, drawing a line under the matter without admitting any fault

Gensol Engineering promoters quit after Sebi order on fund diversion

Promoters of beleaguered Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, have resigned from the company following market regulator Sebi's interim order, according to an exchange filing. Anmol Singh Jaggi held the post of Managing Director while Puneet Singh Jaggi was a Whole-time Director. Earlier on April 15, the Securities and Exchange Board of India (Sebi) barred Gensol Engineering and promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets till further orders in a fund diversion and governance lapses case. The regulator also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders. The markets watchdog also directed Gensol Engineering Ltd to put on hold the stock split announced by it. Gensol Engineering in the exchange filing stated that Anmol Singh Jaggi, Managing Director, and Puneet Singh Jaggi, Whole-time Director, have tendered their resignation. They shall

Sebi set to roll out new risk metrics to curb F&O market speculation

New risk metrics target speculative churn; parts of the original plan revised after industry pushback

Sebi proposes new disclosure norms for governance by HVDLEs in India

Markets regulator Sebi on Friday proposed tweaking its format for disclosure of corporate governance framework by High Value Debt Listed Entities (HVDLE). An entity having outstanding value of listed non-convertible debt securities of Rs 1,000 crore are referred to as 'High Value Debt Listed Entities'. Under the proposal, an HVDLE should submit a secretarial compliance report in such form as specified by Sebi, to stock exchanges, within 60 days from end of each financial year, the regulator said in its consultation paper. Further, the HVDLE should submit a periodic compliance report on corporate governance to the recognized stock exchanges within 21 days from the end of the period along with details of all material transactions with related details of all material transactions with related parties. With regard to the disclosure and obligations of HVDLEs in relation to Related Party Transaction (RPT) , it has been suggested to specify the information should be placed before the audi

BP Ventures in talks to acquire Anmol Singh Jaggi's stake in BluSmart

BP Ventures is exploring a buyout of Anmol Jaggi's 25.14 per cent stake in BluSmart as part of efforts to resolve governance issues and restart suspended operations

Paytm, founder and CEO Vijay Shekhar Sharma settle ESOP case with Sebi

Consequently, last month, Sharma had foregone these ESOPs and as a result, Paytm took a related ₹492 crore one-time charge in the previous quarter

Attracting FIIs & FPIs - balance regulations with ease of doing business

India's record GST collections and rising domestic investments highlight economic resilience, while SEBI's evolving FPI norms aim to balance transparency, compliance, and investor confidence

BSE urges market players to enhance cybersecurity amid rising threats

BSE has asked brokers and traders to assess their systems and implement cybersecurity measures in line with Sebi's CSCRF after a CERT-In warning on BFSI sector

NSE denies seeking finance ministry help over Sebi IPO approval delay

NSE denies reports it sought finance ministry help after Sebi delayed IPO nod; says no government communication in 30 months, rejects claims of regulatory bias

This exchange stock zoomed 87% from March low; m-cap nears ₹1 trillion

Shares of BSE Limited hit a new high of ₹6,890, rallying 10% in two days after it reported strong Q4 results.

Sebi revises REITs, InvITs disclosure norms for offer documents

Sebi on Wednesday revised the disclosure requirements for Real Estate Investment Trusts and Infrastructure Investment Trusts, revising norms related to financial information in offer documents and post-listing disclosures. Under the new rules, REITs and InvITs issuing offer documents or follow-on offers must disclose audited financial statements for the last three financial years and a stub period, if applicable, Sebi said in two separate circulars. If the latest audited financials are older than six months from the date of filing, additional stub period financials must be provided. In the case of follow-on offers where the entity has not existed for three years, disclosures must cover the period of existence and the stub period, the regulator said. For initial offers, audited combined financial statements of the REIT and InvIT shall be disclosed in the offer document / placement memorandum. Sebi also specified additional disclosures, which will be included as a part of the audite

Sebi chief seeks feedback from industry on easing regulatory norms

Sebi Chairman Tuhin Kanta Pandey held discussions with over 50 MDs and CEOs to gather feedback on easing business norms and enhancing capital market efficiency

SAT denies interim relief to Gensol in Sebi fraud case, reply due in 2 wks

SAT has asked Gensol to respond to Sebi's charges within two weeks even as MCA and EOW intensify scrutiny into alleged fund diversion and forged documentation

Sebi proposes easier delisting rules for low-float PSUs with 90% govt stake

Sebi proposes fixed price delisting and exemptions from minimum public shareholding rules for PSUs with over 90 per cent government holding and thin public float

Sebi approves IPOs of Veritas Finance, Laxmi India Finance, 3 others

Veritas Finance, a non-deposit taking non-banking financial company (NBFC), plans to raise funds through a public offer comprising a fresh issue of ₹600 crore

Sebi bars Synoptics, promoters over IPO fund misuse, probes 20 SMEs

Sebi has barred Synoptics Technologies and its promoters from the market for diverting IPO proceeds and will examine 20 other SME IPOs handled by the same banker

HDFC Capital pays Rs 36 lakh to Sebi to settle AIF rule breach case

HDFC Capital Advisors and HDFC Capital Affordable Real Estate Fund-I on Tuesday settled with Sebi a case pertaining to the alleged violation of AIF rules after paying Rs 36 lakh towards the settlement amount. HDFC Capital Advisors -- the investment manager of HDFC Capital Affordable Real Estate Fund-I (HCARE-1), an Alternative Investment Fund (AIF) -- had filed suo motu settlement applications under Sebi's settlement rules. HDFC Capital Advisors and HCARE-1 sought to resolve enforcement proceedings that may be initiated against them for the alleged violations of AIF norms by proposing to settle by neither "admitting nor denying the findings of fact and conclusions of law". As per the settlement order, the markets watchdog will not initiate any further step against HDFC Capital and its managed fund for the violations. However, the regulator could initiate action in case any misrepresentation comes to light or if there is a breach in the terms of the settlement. "...it is hereby ord

Sebi may set up separate mechanism for voluntary delisting of PSUs

Markets regulator Sebi on Tuesday proposed carving out a separate mechanism for voluntary delisting of PSUs, where the government or promoter group owns 90 per cent or more of shares. Under current rules, delisting is successful if promoter shareholding reaches 90 per cent. Moreover, the floor price for delisting is calculated using several pricing metrics such as 60-day average price and highest price in the last 26 weeks. These rules can make delisting costly for PSUs due to high market prices despite low book values or weak financials. In its consultation paper, Sebi noted that many PSUs have low public shareholding, outdated business models or weak future outlook and higher market prices due to government ownership than actual value. These make them financially burdensome for the government to delist such companies. In view of these drawbacks and to facilitate delisting of such PSUs, Sebi has proposed that a separate carve out for voluntary delisting should be created. Under

Sebi comes out with 'investor charter' for KYC registration agencies

Markets regulator Sebi on Tuesday said it has developed an 'investor charter' for KRAs detailing the services provided to investors along with their rights and grievance redressal mechanism. Additionally, the investor charter would provide details about activities of KRAs as well as dos and don'ts for investors. This charter is aimed at facilitating investor awareness about various activities where an investor/client has to deal with KYC (Know Your Client) Registration Agencies (KRAs) for availing investor service requests. In its circular, Sebi asked registered KRAs to bring the investor charter to the notice of existing and new investors by putting it on their websites and displaying it at prominent places in offices. With regard to services provided by KRAs to investors, Sebi said a KRA facilitates registration and modification of KYC records of investors in the securities market through registered-intermediaries, ensuring verification and validation of the investor's identity.