Page 42 - Sebi

Sebi extends deadline for MFs, portfolio managers to submit inspection data

To facilitate ease of doing business, Sebi on Friday extended the timelines for portfolio managers and mutual funds for submission of offsite inspection data to the markets regulator. Under this, mutual funds will have to submit the daily data in a monthly file as per the specified formats on a quarterly basis within 15 calendar days from end of the quarter against the current requirement of 10 calendar days, Sebi said in a circular. RTAs will be required to submit such said data on an ongoing basis. As a part of off-site inspection and surveillance of Mutual Funds and to monitor the compliance of the mutual fund norms, Sebi has framed the data structure and all the mutual funds along with RTAs associated with them are required to furnish the data to it. Similarly, portfolio managers will be required to submit data in a specified format for all its clients on a quarterly basis within 15 calendar days from end of the quarter. Day-wise data will be furnished for table headings -- ...

Stock Market Highlights: Sensex closes 191pts lower on Friday; Nifty ends FY25 with 5% gain

Sensex Today | Stock Market Highlights on Friday, March 28, 2025: The Nifty Midcap100 and Nifty Smallcap100 indices closed with losses of 0.32 per cent and 0.15 per cent, respectively

Blackstone-backed ASK gets Sebi approval to enter mutual fund business

Blackstone-backed ASK Asset & Wealth Management Group on Friday said it has received an in-principle approval from the markets regulator Sebi to start its mutual fund business. This development marks a significant step in ASK's expansion plans. The mutual fund offering will complement ASK's existing suite of investment solutions, which cover listed equity portfolio management, and wealth management, providing a broader range of opportunities for investors across segments. "We have received in-principle approval for entering the mutual fund business. India's investment landscape is evolving rapidly, and we see a tremendous opportunity to bring our research-driven, client-centric investment approach to a wider audience. "We are confident that with ASK's deep-rooted expertise and commitment to long-term wealth creation, and with our legacy of trust and performance, we will be able to offer differentiated products that cater to the diverse needs of investors. We look forward to ...

Ardee Engineering files draft papers with Sebi for ₹580 crore IPO

Ardee Engineering Ltd has filed preliminary papers with capital markets regulator Sebi for an initial public offering (IPO) to raise Rs 580 crore. The IPO of the Hyderabad-headquartered company consists of a fresh issue of equity shares worth Rs 500 crore and an Offer-for-Sale (OFS) of Rs 80 crore by the promoter Chandra Sekhar Moturu, according to the draft red herring prospectus (DRHP) filed on Thursday. The company may consider raising Rs 100 crore in a Pre-IPO placement round. If such a placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 279.6 crore will be used for setting up two new manufacturing facilities at Seetharampur, Telangana; Rs 44.8 crore for establishing a new integrated manufacturing facility at Parawada, Andhra Pradesh; Rs 65 crore for payment of debt and rest for general corporate purposes. Ardee Engineering is an integrated design, engineering and manufacturing company having three primary business line

NSE defers switching to Monday expiry after Sebi's consultation paper

The National Stock Exchange (NSE) has deferred its plan to change the expiry day of all index and stock derivatives to Monday from Thursday until further notice following markets regulator Sebi's consultation paper. The shift, which was scheduled to take effect on April 4, 2025, would have seen all index and stock derivative contracts move from Thursday to Monday. Earlier this month, the NSE had announced that Nifty weekly contracts, currently expiring on Thursdays, would be shifted to Mondays. Additionally, the expiry of Nifty monthly, quarterly, and half-yearly contracts was set to change from the last Thursday of the expiry month to the last Monday. However, in light of Sebi's consultation paper, the exchange decided to delay the implementation of this change until further notice. "Members are required to note that the implementation of this circular is deferred until further notice in view of Sebi consultation paper dated March 27, 2025 on final settlement day (expiry day) for

Markets Today: FIIs; Sebi proposal; Trump tariffs; Gold; Active, Rapid IPOs

FY25 wrap: At 6:34 AM, GIFT Nifty Futures were down 28 points at 23,749, suggesting a negative start

NSE IPO hangs in the balance as Sebi flags regulatory gaps in fresh letter

In a detailed communication, regulator spells out areas that bourse has to address before it goes for an IPO

Insider trading glare on senior IndusInd Bank officials. What do rules say?

Between May 2023 and June 2024, IndusInd Bank CEO Sumant Kathpalia sold nearly 950K shares valued at approximately Rs 134 cr, while Dy CEO Arun Khurana sold 550K shares worth around Rs 82 cr

Pre-clearance seen as key defence for IndusInd Bank execs in Sebi probe

Sebi probes potential insider trading in bank's share sales

Helmet maker Studds Accessories files preliminary IPO papers with Sebi

Helmets manufacturer Studds Accessories has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO). This marks the company's second attempt to go public. Previously, the company had filed draft papers nearly seven years ago. The IPO will be an offer for sale (OFS), with the promoter group and other shareholders selling 77.9 lakh shares, according to the draft red herring prospectus (DRHP) filed on Wednesday. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholders. Studds Accessories designs, manufactures, markets and sells two-wheeler helmets under the 'Studds' and 'SMK' brands and other accessories such as two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear under the 'Studds' brand. The products are sold pan-India and in more than 70 countries, with key export markets situated across Americas, Asia (excluding

Sebi fines investment advisor for 'sensational' YouTube captions

Sebi highlighted multiple lapses, including the firm's failure to conduct an annual audit and its practice of charging clients fees in both fixed and assets-under-advice (AUA) modes

Sebi allows trading in Bharat Global Developers shares with conditions

With an aim to protect the interests of investors, markets regulator Sebi on Wednesday allowed trading in the shares of Bharat Global Developers Ltd (BGDL) with the condition to disclose key financial numbers including sales, purchases and profit for the financial year 2024-25 before April 15. Sebi, through an interim order in December, suspended trading in Bharat Global Developers for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. Additionally, it had put several restrictions on the company and its officials. In its confirmatory order on Wednesday, Sebi directed BGDL to disclose key financial numbers including sales, purchases, profit and net worth for the financial year 2024-25 to the exchange before April 15. Two days after such dissemination, trading in shares of BGDL can resume, Sebi said in its confirmatory order. The latest order came after several investors lodged complaints that their investments are stuck

Axis AMC, five others settle frontrunning-related case with Sebi

According to Sebi's settlement regulations, cases can be settled without admitting or denying the allegations

All above board: Sebi's move on disclosures a step in the right direction

Sebi board has decided to constitute a high-level panel, which will comprehensively review "the provisions relating to conflict of interest, disclosures pertaining to property, investments, etc

Sebi takes a fresh regulatory stance under Tuhin Kanta Pandey's leadership

Pivots towards transparency and ease of doing business

Sebi slaps Rs 35 lakh on 7 entities for indulging in non-genuine trades

Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. In seven separate orders, the markets watchdog levied a fine of Rs 5 lakh each on Shyamal Kishore Agarwal, Pankaj Kumar Agarwal, Vijay Kumar Chaudhary, Raj Kumar Nemani, Nina Nag, Subhranshu Roy HUF and Ratan Lal Sipani HUF. The orders came after the Securities and Exchange Board of India (Sebi) observed large-scale reversal of trades in the illiquid stock options segment of BSE, leading to the creation of artificial volume. Thereafter, the markets watchdog conducted an investigation into the trading activities of certain entities in illiquid stock options on BSE for the period April 2014 to September 2015. According to Sebi, reversal trades are the trades in which an entity reverses its buy or sell positions in a contract with subsequent sell or buy positions with the same counterparty. The reversa

Sebi proposals seek orderly conduct in F&O market amid volatility

Even as its proposed measures and those announced last year have helped, Sebi will need to be fleet-footed in its regulation and supervision of this market

Sebi to set up panel to review conflict of interest of top officials

Regulator doubles threshold for FPI disclosures; unveils several initiatives to simplify regulatory processes

Sebi to launch settlement scheme for brokers linked to algo lapses

Over 100 brokers may need to pay Rs 1 lakh each as settlement amount

Sebi reviews appointment process, cooling-off period for MII key officials

Markets regulator Sebi's board on Monday reviewed the norms for appointing specific key officials of stock exchanges and other market institutions, along with a cooling-off period before they can join a competing institution. These measures are aimed at ensuring that MIIs (market infrastructure institutions) are staffed with qualified, independent key management personnel (KMPs) and directors while safeguarding market integrity through effective cooling-off policies. Sebi also reviewed the process for appointing Public Interest Directors (PIDs) on the governing board of MIIs, following feedback from various stakeholders regarding the lack of shareholder approval for such appointments. "In order to have uniformity in the cooling-off period for PIDs and KMPs of an MII joining another MII, the existing provisions on cooling-off period were reviewed," Sebi chairman Tuhin Kanta Pandey addressed reporters after the board meeting. This led to a re-examination of the existing provisions, w