Page 53 - Sebi

Sebi to start pre-listing trading in IPO to curb grey market activity: Buch

Sebi is looking at introducing a system where an investor can sell shares as soon as they are allotted in an Initial Public Offering (IPO) to curb grey market activity, chairperson Madhabi Puri Buch said on Tuesday. The chief of the capital markets regulator also announced that the top two proxy advisory firms are on the verge of launching a portal which will be a repository of related party transactions and will be useful in judging the governance standards in a company for any stakeholder. It can be noted that many IPOs in the recent past have seen very high subscriptions, and many of the issuances have also made huge listing-day gains which result in the grey market activity of passing on allotted shares. Buch, an i-banker turned markets regulator, reminisced that during her banking days, this grey market activity used to be called "curb trading". "We feel that if anyway investors want to do that, why not give them that opportunity in a proper regulated way?" Buch said, addressi

Sebi proposes changes to net asset value calculation for overnight schemes

NAV represents the market value of an investor's mutual fund holdings and is a key metric for understanding the worth of their investments

Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%

Carlyle-backed Hexaware Technologies plans to raise Rs 9,950 crore through a pure offer for sale (OFS), with shares being sold by CA Magnum Holdings

Sebi considers expanding SSE to attract more non-profit organisations

Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public

Former directors of Paytm settle matter with Sebi for Rs 3.32 crore

Matter pertains to benefits paid to Vijay Shekhar Sharma and lapse in identifying promoter

Market regulator Sebi opposes plea filed by Kirloskar Oil Engines in SAT

The advisory by Sebi on disclosure of DFS was administrative, thus the plea is non-maintainable, says Sebi

Sebi relaxes on timeline for review of ESG rating on BRSR publication

To promote ease of doing business, markets regulator Sebi on Friday provided relaxation in the timeline for review of ESG rating following the publication of Business Responsibility and Sustainability Reporting (BRSR). ESG Rating Providers (ERPs) will carry out a review of the ESG ratings upon the occurrence of or announcement/ news of such material developments immediately, but not later than 10 days of occurrence of the said event. However, review of the ESG rating following the publication of BRSR by the rated entity will be carried out immediately, but not later than 45 days after the publication of the BRSR, Sebi said in its circular. This came after ERPs made a representation to Sebi highlighting the operational challenges faced in undertaking review of ESG ratings for a large pool of listed companies following publication of BRSR by such companies, within the specified timeline of 10 days. ERPs have made a representation to Sebi, highlighting the operational challenges faced

Market regulator Sebi asks MFs to disclose information ratio of schemes

To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, Sebi on Friday directed mutual funds to disclose the information ratio (IR) of a scheme along with performance disclosure. Further, disclosure of IR, a financial metric to measure the Risk-adjusted Return (RAR) of a scheme portfolio, will be applicable only for equity-oriented schemes. "Considering the significance of volatility of performance in determining the suitability of MF schemes, the information ratio is an established financial ratio to measure the RAR of any scheme portfolio. "It is often used as a measure of a portfolio manager's level of skill and ability to generate excess returns, relative to a benchmark and also attempts to identify the consistency of the performance by incorporating standard deviation/risk factor into the calculation," Sebi said. In a circular, Sebi has asked mutual funds to disclose the information ratio of a scheme portfolio on their website, along

Hindenburg Research announces winding up of operations; Adani shares rally

The firm's founder Nate Anderson posted about the disbanding on Hindenburg's website without specifying any single reason for the decision

Buch wants more Indians into stock market to 'seize the opportunity'

Sebi chairperson Madhabi Puri Buch on Thursday said the capital markets regulator wants to get as many Indians into the market ecosystem and seize the wealth creation opportunity. Buch said artificial intelligence is "the hero" of a large number of initiatives that the watchdog is embarking on with the focus on serving as many people as possible. Virtually addressing an event organized by Sebi, Buch said the Indian economy has a "huge opportunity" and all the necessary technological tools have been put in place as part of a larger ecosystem with democratization being the core principle. "'... a system that is efficient but is exclusive does not serve the nation. We wish for our market ecosystem to be inclusive and to bring as many citizens of the country into the fold and into the opportunity of wealth creation for our nation," Buch said. Sebi is implementing and deploying a slew of initiatives and AI, the hero, is at the core of a large number of them, she said. "To me, it is not

Ten entities settle Sebi case for Rs 5.96 crore over trading violations

A total of 10 entities have settled a case of trading using non-public information from guest experts on Zee Business Channel with markets regulator Sebi after paying a total of Rs 5.96 crore towards the settlement amount. Additionally, the settlement includes a six-month voluntary debarment period from buying, selling, or dealing in securities. The applicants have settled the case with Sebi without admitting or denying the allegations through a settlement term. The settlement resolves the case, and no further action will be taken against the applicants unless they breach the terms of the settlement. The case involved stock recommendations given by guest experts on the Zee Business Channel, and Sebi's investigation found that 15 entities were allegedly involved in trading using non-public information from these recommendations between February 2022 and December 2022. In its investigation, Sebi found that 15 entities were allegedly involved in trading using non-public information f

Sebi bars Pacheli, 6 others in Rs 850 crore preferential allotment case

Action in potential 'pump and dump' case as market capitalisation surges to Rs 4,000 crore from Rs 40 crore in just 8 months

Sebi pushes Rs 250 monthly investment plans to deepen reach of equities

Sebi is looking to introduce simpler customer identification rules and lower costs as it aims to popularise small-ticket investments via mutual funds

Hindenburg, Adani, and Buch: The investigations that shook markets

Hindenburg's reports revealed major corporate issues, including Adani's $100 billion market loss and other industry investigations. The firm has now announced its closure

Adani group shares soar up to 9% as Hindenburg says 'it is shutting down'

Hindenburg shutting down: In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

Sebi resolves over 5,600 complaints through SCORES platform in Dec 2024

Capital markets regulator Sebi has disposed of 5,636 complaints in December last year through its complaint redressal system SCORES platform. According to Sebi data, the complaints pending as of November 30, 2024, stood at 5,826. During December, the regulator received 5,193 fresh complaints, bringing the total applications to 11,019. Of these, 5,383 complaints remained unresolved as of December 31, 2024, the regulator said in a public notice on Tuesday. The markets watchdog also highlighted that the average resolution time taken by entities to submit Action Taken Reports (ATRs) to investors in December was eight days. For complaints escalated to the first-level review, the average resolution time was five days, showcasing the efficacy of the updated system. Under the upgraded SCORES 2.0 framework, complaints are automatically forwarded to the concerned entity, which is given 21 days to submit an ATR to the investor. If dissatisfied, investors can opt for a first-level review wit

Nuvama positive on NSE, BSE growth despite volume dip in F&O segment

Sebi's proposal on dilution of stake in clearing corporations to hit financials, says report

Sebi issues warning to J&K Bank for delayed disclosure of MD appointment

Capital markets regulator Sebi has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for occurrence of the event (RBI's approval) i.e. December 24, 2024 at 3:14 PM, Sebi's letter posted by J&K Bank on stock exchanges on Tuesday said. "The event relating to appointment of MD & CEO is considered significant because of the surge in price as well as volume movement of the bank's scrip, traded on the platform of the stock exchanges, between the date of occurrence of the event i.e. December 24, 2024 and the next trading day i.e. December 26, 2024," the letter said. The bank had made a disclosure on December 25, 2024 (trading holiday) regarding appointment of Amitava Chatterjee as Managing Director and Chief Executive Officer for a period of ..

Sebi may mandate issuance of new securities in demat form after stock split

To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. In case an investor does not have a demat account, the issuer companies will be required to open a separate demat account with a suitable ledger of ownership or suspense escrow account for dealing with such securities, Sebi proposed in its consultation paper. Dematerialisation of securities has several benefits, including reduction of frauds and forgery, elimination of loss and damage of securities, faster and more efficient transfers, improved transparency and regulatory oversight, mitigation of legal disputes, cost reduction of investors and companies, etc. Considering this, while Sebi is encouraging holding of securities in demat form by the investors, at present a few investors hold securities in physical form. Although it is legally permissible to hold securitie

Sebi's SIF move aims to deepen corporate bond market for investors, issuers

While SIFs are expected to focus on potential equity investments and related strategies, they could also draw investors with a higher risk appetite in debt or credit investments