Page 39 - Sebi

Ashneer Grover, BluSmart & Gensol: What’s really going on? | Anmol Jaggi | SEBI

Ashneer Grover's name has surfaced in a ₹978 crore financial scandal involving BluSmart and Gensol. SEBI’s explosive report links diverted EV loan funds to Grover’s startup, Third Unicorn.

'I am the victim': Ashneer Grover on BluSmart crisis, Sebi crackdown

Entrepreneur and investor Ashneer Grover calls himself a 'victim' in Gensol-BluSmart fiasco, says he invested ₹1.75 cr; denies any operational role, offers to make tax, bank records public

Working to 'sort out issues' of NSE's IPO, says Tuhin Kanta Pandey

The country's largest exchange first applied for a listing in 2016 but faced a long-running case over equitable access for its trading members

Gensol tumbles another 5% on Sebi crackdown; stock down 84% this year

From its peak of ₹1,376 apiece in early February, the stock has fallen by nearly 90 per cent

I am sanguine IPO markets will take off soon: Tuhin Kanta Pandey

Pandey highlighted Sebi's efforts to engage with foreign portfolio investors and market participants to streamline compliance

Paytm founder Vijay Shekhar Sharma voluntarily forgoes 21 million Esops

The company said the move will result in a "one-time, non-cash, acceleration of ESOP expense of Rs 492 crore in the fourth quarter of financial year 2025 (Q4FY25)

Guardrails in place to check fraud: Sebi Chairman Tuhin Kanta Pandey

Independent directors, boards, auditors must step up to rein in greed: Pandey

Ireda gains 6% as March quarter profit jumps 49%, stock surges 5.57%

Shares of IREDA on Wednesday jumped nearly 6 per cent after the state-owned firm reported a 49 per cent rise in standalone profit after tax in the quarter ended March 2025. The stock surged 5.57 per cent to Rs 176.40 apiece on the BSE. During the day, it climbed 7.42 per cent to Rs 179.50. On the NSE, the stock jumped 5.64 per cent to Rs 176.41 each. IREDA (Indian Renewable Energy Development Agency Ltd) on Tuesday reported a 49 per cent rise in standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025. Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement. For FY25, the company said its profit after tax (PAT) was the highest ever at Rs 1,699 crore, up 36 per cent compared to FY24. As of March, the company said its net worth was Rs 10,266 crore, up 20 per cent YoY. Meanwhile, capital markets regulator Sebi on Tuesday barred Gensol Engineering and promoters -- Anmol Singh Jagg

BluSmart halts bookings in NCR, Bengaluru as Sebi probes fund diversion

BluSmart co-founder Anmol Singh Jaggi has been accused by Sebi of diverting ₹26 crore from Gensol for personal expenses, including transfers to linked entities

Sebi to review ESG disclosures for listed firms, says Tuhin Kanta Pandey

India has fared poorly on ESG scores, with Moody's Ratings classifying the country in the high risk category on environment and social factors

Here's why investors are dumping Gensol Engineering shares in trade today

According to a report by Business Standard, in an interim order, the market regulator restricted promoters from holding any key position at any listed company until further orders

Aegis Vopak Terminals gets Sebi nod to float ₹3,500 crore IPO; key details

Aegis Vopak Terminals IPO is entirely a fresh issuance of equity shares with a face value of ₹10 apiece amounting to ₹3,500 crore

Sebi plans overhaul of mutual fund classification, ease restrictive clauses

Amid concerns over the proliferation of thematic MF schemes, Sebi aims to address the lack of differentiation within the 36 prescribed categories

Sebi bars Gensol Engineering promoters for alleged fund diversion

Regulator will appoint a forensic auditor to examine accounts

Aegis Vopak Terminals, Seshaasai Tech get Sebi's go ahead to float IPOs

Aegis Vopak Terminals and Seshaasai Technologies have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday. The companies are expected to raise more than Rs 4,000 crore through initial share sales. The two firms, which filed their preliminary IPO papers with Sebi during November and December 2024, obtained observations from the regulator during April 7 to 11, the update showed. In Sebi's parlance, obtaining the observations means its go-ahead to float the public issue. Meanwhile, the regulator has returned the draft offer document of Rajputana Stainless Ltd on April 11. As for Aegis Vopak Terminals, it is planning to float a Rs 3,500-crore IPO, which is entirely a fresh issue of equity shares, according to the draft red herring prospectus (DRHP). The tank storage company for LPG and chemicals plans to utilise proceeds for payment of debt, fund capital expenditure for the acquisition of a cryogenic LPG termi

Sebi bans Gensol Engg, promoters from securities mkt in fund diversion case

The regulator has also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders

Sebi bans Kalapi Shah of Teji Mandi Analytics for 5 yrs over PMS violations

Markets regulator Sebi on Tuesday barred Kalapi Shah, responsible for conducting business of Teji Mandi Analytics Private Ltd (TMAPL), from the securities market for five years, for flouting portfolio management services rules. Teji Mandi, a registered authorized person of Anugrah Stock and Broking Private Ltd (ASBPL) with NSE, aided ASBPL in carrying out the portfolio management services (PMS) activities in violation of the norms. In its order, Sebi said that Kalapi Shah, the husband of Riddhi Kalapi Shah, along with Anil Gopal Gandhi, was instrumental in managing the affairs of TMAPL. In other words, Riddhi was only a 'namesake director' and was 'filling-in' for her husband. Further, Sebi noted that the affidavit dated August 19, 2020 submitted to it also reaffirmed his responsibility for conducting the business of TMAPL. Besides, the regulator noted that while performing the role of a director on behalf of his wife, Kalapi Shah even signed the board resolutions, sent e-mail ...

The limits of disclosure regime: Penalising industry, confusing investors

Like any other organisation facing public outcry, perception management becomes the regulator's foremost priority

Capitalmind gets Sebi approval to launch its own mutual fund schemes

Capitalmind Financial Services on Monday said it has received final approval from the markets regulator Sebi to commence its mutual fund operations under the name Capitalmind Mutual Fund. The company plans to launch its initial suite of active equity mutual fund schemes in the coming months, with intentions to gradually expand its offerings to include debt, hybrid, and multi-asset funds. "Receiving Sebi's final nod is a watershed moment, validating our commitment to bringing an investor-first, transparent, and data-driven approach to the wider investing public. "For years, we've focused on simplifying investing through disciplined strategies. Launching Capitalmind Mutual Fund is the natural evolution of our mission, enabling us to empower millions more Indians to achieve their financial goals with accessible, rules-based investment products," Capitalmind Financial Services founder and CEO Deepak Shenoy said in a statement. The company manages over Rs 2,000 crore in assets for more

Sebi resolves over 4K investor complaints via Scores platform in Mar 2025

Capital markets regulator Sebi has disposed of 4,371 complaints in March through its grievance redressal facilitation SCORES platform. The regulator said three complaints were pending for more than three months on SCORES as of March-end involving entities Madhuveer Com18 Network Ltd and Nikhil Dayanand Baljekar. According to the Sebi data, complaints pending as on February 28 stood at 4,376. In March, the market regulator received 4,156 fresh complaints, and a total of 4,161 complaints remained unresolved as of March 31, the Securities and Exchange Board of India (Sebi) said in a public notice on April 11. The regulator also highlighted that the average resolution time taken by the entities to submit action taken reports (ATRs) in March was nine days. Under the upgraded SCORES 2.0 framework, complaints are automatically forwarded to the entity concerned, which is given 21 days to submit an ATR to the investor. If dissatisfied, investors can opt for a first-level review within 15