Page 55 - Sebi

Investcorp Real Estate, 6 others settle AIF rule violation case with Sebi

Investcorp Real Estate Yield Fund and six others have settled with markets regulator Sebi a case of flouting Alternate Investment Funds (AIF) rules on payment of Rs 25.5 lakh towards settlement amount. Apart from Investcorp Real Estate Yield Fund, Investcorp India Asset Managers, Ajay Kumar, Niraj Sirsalewal, Ritesh Vohra, Gaurav Sharma and IDBI Trusteeship Services Ltd have settled the case. The order came after the entities filed applications proposing to settle the proceedings that may be initiated against them for the violation of the provisions of the AIF Regulations, through a settlement order and remitted Rs 25.50 lakh. In its settlement order passed on Friday, Sebi said the "specified proceedings, in respect of which the notice was issued, are hereby settled in respect of the applicants". While examining the matter, Sebi observed that the tenure of the Investcorp Real Estate Yield Fund had been extended beyond 2 years and that its investments had not been liquidated within

Best of BS Opinion: Transparency is key to both democracy and global ties

Openness, reliability, and hope are critical to successful democracies and have a cumulative effect on both domestic and global ties

Disclosures and regulations: New Sebi chairman makes a promising start

The remarks on disclosures must be seen in the context of the term of Mr Pandey's predecessor, Madhabi Puri Buch

Shiv Nadar gifts 47% of his stake in HCL, Vama Delhi to daughter Roshni

Billionaire Shiv Nadar, founder of HCL, has gifted 47 per cent of his stake in HCL Corp and Vama Delhi to his daughter Roshni Nadar Malhotra as part of a strategic succession plan. After the transfer, Malhotra will acquire control and become a majority shareholder of Vama Delhi and HCL Corp, HCLTech said in a stock exchange filing. HCL Infosystems Ltd also made a similar filing. By virtue of her stakes in Vama Delhi and HCL Corp, she will become the largest shareholder of HCL Infosystems Ltd and HCL Tech. She will also acquire control over the voting rights in relation to the 12.94 per cent stake held by Vama Delhi and 49.94 per cent held by HCL Corp in HCL Infosystems. In HCL Tech, she will acquire a 44.17 per cent stake held by Vama Delhi and a 0.17 per cent stake from HCL Corp. "A gift deed dated March 6, 2025, executed by Shiv Nadar in favour of his daughter Roshni Nadar Malhotra for transfer of his 47 per cent shareholding in Vama Sundari Investments (Delhi) Private Limited (V

Sebi board to reveal 'conflicts of interest' to public: Tuhin Kanta Pandey

In his first public address after taking charge, Pandey emphasised that bold reforms don't have to be "big bang"

Market regulator Sebi looks to boost social stock exchange platform

The regulator said there is a line-up of more than Rs 5 crore worth of ZCZP issuances

Sebi mulls cutting minimum application size on social stock exchange

Sebi on Friday proposed to cut the minimum application size for public issuance of Zero Coupon Zero Principal instruments issued by non-profit organizations on Social Stock Exchange (SSE) to either Rs 5,000 or Rs 1,000 from the existing Rs 10,000. The move, if implemented, would boost the retail participation in ZCZP issuances by NPOs. Zero-coupon, zero-principal (ZCZP) are instruments for donating money to non-profit organizations (NPOs) listed on the SSE. In its consultation paper, Sebi has proposed that minimum application size for ZCZP issuance should be reduced to Rs 5,000 or to a much smaller amount of Rs 1,000 so as to enable more retail participation in ZCZP issuances by NPO on SSE. At present, the minimum application size is Rs 10,000. Sebi has been taking measures to widen the participation of subscribers at the SSE. In November 2023, the regulator reduced the issue size of ZCZP from Rs 1 crore to Rs 50 lakh. It also cut the minimum application size for donors to Rs 10,0

Sebi extends deadline till Mar 31 to submit comments on unclaimed funds

Markets regulator Sebi on Friday extended the deadline till March-end to submit public comments on the proposed guidelines on the treatment of unclaimed funds and securities lying with brokers. The regulator, on February 11, floated the consultation paper regarding the proposal and sought public comments on the same by March 4, 2025. Now, it has been decided to extend the timeline to submit public comments on the consultation paper till March 31, 2025, the Securities and Exchange Board of India (Sebi) said in a report. In its consultation paper, Sebi stated that if the funds or securities could not be credited to the client's bank account or demat account in the normal course of business, or the client is not reachable, such client accounts shall immediately be put under 'enquiry status'. The trading member (TM) should contact the clients through letters, e-mails, telephonically or any other means as feasible. TMs should upstream such funds to clearing corporations as per upstreami

Haryana Fighter jet crash, Sebi transparency, Karnataka budget, Tahawwur Rana & more

India Air Force's Jaguar fighter aircraft crashed in Haryana's Panchkula during a training sortie due to a system malfunction. The pilot ejected safely after steering it away from habitation.

Bondconnect Securities, others pay Rs 16 lakh to settle Sebi case

Bondconnect Securities and two others settled a case with Sebi, over alleged failure to ensure that all orders placed on the online bond platform regarding debt securities were routed through a stock exchange's RFQ platform, on payment of total Rs 15.92 lakh. In addition to Bondconnect Securities (formerly known as Wealthsigns Securities), Aditya Umeshchandra Mehta and Amal Manish Dani also settled the case. This came after the entities filed a settlement application with Sebi proposing to settle the alleged violation of regulatory norms "without admitting or denying the findings of facts and conclusions of law, through a settlement order". Acknowledging the settlement, Sebi in its order said," in view of the acceptance of the settlement terms and the receipt of the settlement amount ... the instant adjudication proceedings initiated against applicants vide SCN (show cause notice) dated October 24, 2024 is disposed of". In the show cause notice, it was alleged that the applicants

Sebi warns Nestle India over breach of insider trading regulations

The company, which makes Maggi instant noodles, said there was no material impact on its financials, operations or other activities because of the incident

Looking to boost transparency, including on board conflicts: Sebi chief

Last week, veteran finance ministry bureaucrat Tuhin Kanta Pandey replaced Madhabi Puri Buch as the chief of the Securities and Exchange Board of India (SEBI)

Sebi to disclose conflict of interest in board, says Tuhin Kanta Pandey

Sebi Chairperson Tuhin Kanta Pandey's announcement marks his first major step toward enhancing transparency since taking over from Madhabi Puri Buch

Knowledge Realty posts Rs 1,632 cr NOI in H1 FY25, set to be largest REIT

Sattva Group and Blackstone sponsored Knowledge Realty Trust has posted a net operating income of Rs 1,632.38 crore in the first half of this fiscal while its asset value stood at nearly Rs 60,000 crore at September-end 2024. On Thursday, Knowledge Realty Trust (KRT) filed the Draft Red Herring Prospectus (DRHP) with SEBI to launch its REIT public issue for raising up to Rs 6,200 crore. The company will issue units through Initial Public Offer (IPO) and list the REIT on stock exchanges as part of its strategy to monetise prime office assets across six major cities. "We own and manage a high-quality office portfolio in India, and upon listing, we will be the largest office REIT in India based on Gross Asset Value of Rs 594,450 million as of September 30, 2024 as well as by Net Operating Income (NOI) for H1, FY25 of Rs 16,323.82 million, and the second largest by NOI for 2023-24 of Rs 28,820.83 million," KRT said in theHP. The Trust said it will also be the second largest office REIT

CitiCorp resolves issue with Sebi; India's 1st index fund completes 25 yrs

White Oak Capital Partners has launched a mutual fund scheme - TCW White Oak Emerging Markets Equity Fund - in the US along with global asset manager TCW

Sattva Group, Blackstone-backed trust files for ₹6,200 cr REIT public issue

Knowledge Realty Trust, sponsored by real estate company Sattva Group and Blackstone, on Thursday filed initial documents with market regulator SEBI to launch its maiden REIT public issue to raise more than Rs 6,200 crore. Knowledge Realty Trust (KRT) has filed the Draft Red Herring Prospectus (DRHP) with SEBI to launch Initial Public Offering (IPO) and list the REIT on stock exchanges, as part of its strategy to monetise its 30 prime office assets across major cities. KRT will be the largest REIT in India in terms of Net Operating Income (NOI) and Gross Asset Value which is estimated at around Rs 60,000 crore. KRT plans to raise around Rs 6,200 crore through REIT-IPO, according to its DRHP. At present, there are four listed REITs in India -- Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Apart from Nexus Select Trust, the other three REITs are backed by rent-yielding office assets. Nexus owns a large portfolio

Five individuals settle regulatory violation case with Sebi, pay Rs 95.55L

ASERL is into the business of manufacturing, marketing and distribution of Ayurveda products

Ex-chairman calls Sebi's 'minimum info' directive 'inconsistent, laughable'

Capital markets regulator Sebi's recent directive on minimum information has many inconsistencies and is "laughable", former Sebi chairman M Damodaran said on Wednesday. Addressing an event organized by the Institute of Internal Auditors here, Damodaran said we will not be able to see good governance at companies if there are prescriptive arrangements, and advocated that such practices come from within. He quipped that the February 14 directive on industry standards on minimum information to be provided for review by the audit committee and shareholders for approval of a related party transaction is a "very elaborate" document. "Even the tabular statement is several pages long. It has so many things that if you take them seriously, you will have a problem. So it's better to read them, laugh at them and go on with life," the IAS officer-turned-regulator said. "There are inconsistencies within that document. There are inconsistencies that that document has with other prescriptions fr

Markets Today: February Services PMI; Trump tariffs; FIIs; Shreenath IPO

Stock Markets Today: As of 6:31 AM, GIFT Nifty Futures were down 54 points at 22,137, hinting at a negative start.

NSE to shift Nifty expiry to Mon; PB Fintech CEO settles matter with Sebi

The derivative contracts of Bank Nifty, Midcap Nifty, and other indices and stocks are also being moved to last Monday of the respective month