Page 58 - Sebi

NSE imposes new eligibility conditions for SME IPOs day after Sebi nod

Changes made just a day after Sebi's decision to tighten norms

Sebi directs MIIs to adopt uniform policy on data sharing for research

These market infrastructure institutions (MIIs) have been asked to segregate such data into two baskets-one that can be shared with the public and the second that cannot be made public

Algo trading: Understand risks, have realistic return expectations

The circular is expected to provide retail investors access to registered and approved algos, ensuring their interests are protected

Sebi eases rules for AMCs' scheme documents, cuts upload time to 8 days

Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier. This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs. Earlier, AMCs had to upload draft Scheme Information Documents (SIDs) on Sebi's website for 21 working days to receive public comments. Over time, the regulator has standardised and updated the format and content of SIDs to improve investor communication. In its circular, Sebi said the requirement to upload draft SIDs on the regulator's website has been reduced to 8 working days. AMCs can file final offer documents (SID and KIM) after this period. These changes are effective immediately, the Securities and Exchange Board of India (Sebi) said.

Markets Today: US GDP; China LPR; FIIs; Senores & Carraro IPOs; IGI listing

Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM

Sebi extends futures trading ban on seven agri-commodities till Jan 2025

Shorter extension tenure kindles hope of early resumption of futures in some commodities

Sebi targets NFO mis-selling with new rule to prevent portfolio churn

Distributors will no longer benefit from higher commissions for switching existing investments to NFOs

Laxmi India Finance files draft papers with Sebi to raise funds via IPO

NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Jaipur-based company's proposed IPO is a combination of a fresh issue of 1.04 crore shares and an offer for sale (OFS) of 56.38 lakh shares by promoters, according to the draft red herring prospectus (DRHP). As per the draft papers filed last week, proceeds from the fresh would be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME loans, vehicle loans, construction loans, and other lending solutions to customers. As of June 2024, the NBFC had an asset under management (AUM) of Rs 1,035.53 crore, with MSME and vehicle loans contributing 75.49 per cent and 17.46 per cent respectively. Its operational network encompassed 139 branches across Rajasthan, Gujarat, Madh

Market Today: GIFT Nifty sinks; Dow Jones bleeds on Fed rate cut; DAM IPO

The central bank delivered its 3rd consecutive rate cut but signaled a slowdown in future reductions, leaving investors wary. The Fed trimmed its benchmark interest rate by a widely anticipated 25 bps

Sebi tightens regulations for SME listing, widens UPSI definition

Regulator also overhauls regulations governing investment bankers

New Sebi norms: SIFs to target wealthy investors with high-risk appetite

The regulator has laid down a few investing rules and regulations for this strategy. The new product line may have offers across open-ended, close-ended, and interval investment strategies

Sebi cracks down on YouTuber for illegal investment advisory services

Sebi's investigation revealed that YouTuber Ravindra Balu Bharti and his company targeted novice investors by providing unregistered investment advice, trade recommendations, and execution services

Indian REITs Association appoints Alok Aggarwal to drive sector growth

The Indian REITs Association (IRA) has appointed Alok Aggarwal, MD and CEO of Brookfield India Real Estate Trust, as its new Chairman. Established in 2023, the IRA is a non-profit trade organisation that supports the growth and development of India's Real Estate Investment Trust (REIT) sector. Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. "Aggarwal's extensive experience in the real estate sector, especially REITs, and proven leadership will help IRA immensely. Under his guidance, we aim to work closely with SEBI to support industry growth, protect investor interests, and uphold high regulatory standards," the Association said in a statement. Commenting on his new role, Aggarwal said the role of chairman has come at a time when REITs have established a strong foothold in the Indian capital market and are poised for significant growth. "I look forward to collaborating with industry

Sebi rolls out Specialised Investment Fund for HNIs with Rs 10 lakh minimum

No SIF can allocate more than 20 per cent of its net asset value (NAV) to debt instruments issued by a single issuer, which are not rated below the investment grade.

Markets today: Fed outcome; Sebi Board meet; MobiKwik, Vishal Mega listing

Indian markets took a sharp hit in the previous session as foreign portfolio investors (FPIs) turned wary ahead of the Fed's policy outcome

Mkt regulator Sebi proposes platform to track unclaimed MF folios

A folio is considered inactive when no investor has initiated any transaction in the last 10 years but the unit balance is available

Shares of real estate firm TARC slide 10% after Sebi orders forensic audit

TARC added that it will provide all information, assistance and cooperation, and that it remains committed to 'highest standards of corporate governance'

Sebi eases norms for boarding of investment advisors, research analysts

Allows part-time advisors and analysts, reduces compliance requirements

A fifth of AIF investments questionable in terms of intent: Sebi official

Whole-time member Ananth Narayan calls for adopting accredited investor model

Market regulator Sebi extends MF expense structure to new asset class

Regulator notifies investment rules for 'specialised investment fund'