Page 7 - Sebi

India needs to rethink IPO norms for biotech startups: Kiran Mazumdar-Shaw

Kiran Mazumdar-Shaw urges IPO reforms, saying India's listing norms hinder biotech firms that need long R&D cycles before generating revenue

Sebi considers infusing fresh life into Indian Depository Receipts

Move could deepen domestic capital markets, help MNCs easily list locally

Plan to focus on capacity building for independent directors: Sebi chief

Sebi chief flags gaps in governance effectiveness, urges independent directors to move beyond compliance and focus on accountability, insight, and long-term value creation

Bajaj Alternate Investment Management secures PMS licence from Sebi

Bajaj Alternate Investment Management, an arm of Bajaj Finserv, on Monday said it has received approval from markets regulator Sebi to commence Portfolio Management Services (PMS). The move would help Bajaj Alts expand its footprint in listed equities. With this, the firm strengthens its positioning as a diversified investment platform offering comprehensive solutions across Alternative Investment Funds (AIFs) and PMS, the company said in a statement. "The PMS licence marks a strategic step in our journey to build a differentiated investment platform for discerning investors. It allows us to be a trusted partner in our investors' wealth creation journey. As investor portfolios evolve, there is a growing need for customised and actively managed solutions. "Our PMS platform is designed to address this need while staying anchored to disciplined risk management and long-term wealth creation," said Lakshmi Iyer, Group President-Investments, and MD & CEO, Bajaj Alts. The company said ..

Sebi wants independent directors to adopt 'constructive approach'

Sebi chairman Tuhim Kanta Pandey on Monday said independent directors discharge a very important responsibility in a company's affairs, and underlined the need for them to adopt a "constructive approach" in discharging their duties. In the comments that came weeks after the resignation of Atanu Chakraborty, an independent director and part-time chairman of HDFC Bank, Pandey said the role of such directors is far more than just compliance, and also encompasses functions like assessing the information and insights from the management, governance, risk management and also financials. "There is a need to discuss on such matters at the board. But a constructive approach (is needed). Shareholders and other stakeholders of a company are influenced by a company's performance and market cap," Pandey told reporters, answering a specific question on investor wealth erosion at HDFC Bank following Chakraborty's resignation. Chakraborty's surprise resignation, citing incongruity in values and ...

Street Signs: Nifty logs sixth weekly fall, sliding into your DMs, more

A clear reversal in market leadership played out across major sectoral indices between FY25 and FY26

Mutual funds' equity bets hit record ₹1 trillion amid March rout

Mutual funds invest over Rs 1 trillion in equities in March, cushioning record FPI outflows and taking advantage of sharp market correction

Retirement funds: Invest if you are prone to panic-selling amid volatility

Sophisticated investors who manage diversified portfolios and don't wish to outsource asset allocation may avoid them

Supreme Court asks Sebi to close case against Sandesaras or face action

The Supreme Court told market regulator Securities and Exchange Board of India (SEBI) on Thursday to close proceedings against Sterling Biotech Limited (SBL) and its promoters, Chetan and Nitin Sandesara, or else it will be compelled to take a serious view of the matter. A bench of Justices J K Maheshwari and A S Chandurkar told the SEBI's counsel that its order of November last year was very clear that all proceedings against the Sandesara brothers will be quashed if they deposit Rs 5,100 crore in the apex court registry. "We have said all proceedings, including that of SEBI, need to be quashed upon deposit of the money. If you are doing it, then it is alright, or we will be compelled to pass a detailed order on the issue," the bench told the counsel. The SEBI's counsel said Solicitor General Tushar Mehta is deliberating with the market regulator and sought a week's time to apprise the court of the developments. Senior advocate Mukul Rohatgi, appearing in the court for the Sandesa

Sebi mulls reintroducing open market share buybacks amid tax changes

Sebi proposes reintroducing open market buybacks as an additional route after tax changes, saying concerns over shareholder inequity have been addressed

Sebi proposes return of open market share buybacks after tax changes

Markets regulator Sebi on Thursday proposed reintroducing buyback of shares from the open market through stock exchanges as an additional method for companies to repurchase shares, following changes in the taxation framework. This mechanism was discontinued effective April 1, 2025, due to concerns regarding the equitable treatment of shareholders and implications arising from the then-prevailing taxation framework. "The reintroduction of this method of buy-back would provide companies with an additional mechanism for undertaking buy-back, while ensuring equitable opportunity and treatment of taxation for public shareholders," Sebi said in its consultation paper. Under the existing framework, companies can undertake buybacks either through a tender offer route or via the open market using the book-building process. The stock exchange route was withdrawn earlier due to concerns over equitable treatment of shareholders and tax-related disparities. Sebi said that under the earlier regi

Irdai forms joint expert group to guide insurers on Ind AS transition

Irdai forms a joint expert group to guide insurers on Ind AS transition, addressing implementation challenges, audit clarity, and actuarial roles

Rediff opts for confidential route, files IPO draft papers with Sebi

Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed preliminary papers with markets regulator Sebi through the confidential route to float an initial public offering (IPO). The company has opted for the confidential pre-filing route, which allows it to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. Companies increasingly prefer this route because it offers more flexibility in IPO preparations and allows them to respond to market conditions before a public filing. In a stock exchange filing on Tuesday, AvenuesAI said, "Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed the Pre-Filed Draft Red Herring Prospectus (Pre-DRHP) with the Sebi, the BSE Ltd and the National Stock Exchange of India Ltd in relation to the proposed initial public offering of its equity shares...on the main board". AvenuesAI, formerly known as Infibeam Avenues, is a multinational financial ...

Sathya Agencies files DRHP with Sebi for ₹600 cr IPO with fresh issue, OFS

Offer comprises ₹300 crore fresh issue and ₹300 crore OFS; proceeds to fund acquisition of subsidiary, repay borrowings and support general corporate purposes

Sebi bars Elitecon, promoter Vipin Sharma for alleged market manipulation

Regulator alleges price manipulation, misleading disclosures and financial irregularities; orders account freeze, forensic audit and probes preferential allotment and promoter share sales

Sathya Agencies files preliminary draft papers with Sebi for ₹600 crore IPO

Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of equity shares worth Rs 300 crore by promoters, taking the total offer size to Rs 600 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS includes the sale of shares by promoters -- Johnson Asaria, J John Sathya and Charles Packiaraj. Each of them will offload equity shares valued at Rs 100 crore. The Tamil Nadu-based company proposes to utilise the proceeds from the fresh issue towards repayment or prepayment of certain borrowings, payment of partial purchase consideration for the acquisition of its subsidiary Unilet Appliances Private Limited, and for general corporate purposes. Also, the company expects that listing of its equity shares will enhance its visibility

Best of BS Opinion: All eyes on RBI's policy meeting amid Iran conflict

From Sebi's governance gaps and inflation targeting to investor protection concerns, AI-led consumer insights, and evolving global discourse, today's BS Opinion offers sharp perspectives

Trust deficit: Sebi's move to address conflict of interest needs more heft

Sebi moves to tighten conflict norms, but limited disclosures and voluntary code risk falling short of restoring investor trust in the regulator's independence

New Securities Code misses its statutory purpose, leaves investors exposed

The Code is an ambitious attempt to consolidate three securities laws into a single, modern statute

Pioneer Fil-Med files for ₹500 crore IPO to fund new manufacturing units

Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech India, each proposing to offload shares worth up to Rs 125 crore. The company proposes to utilise the proceeds from the fresh issue towards part financing the cost of establishing a gear box manufacturing facility and a wind generator components manufacturing facility, both at Salarpur in Bhiwadi, Rajasthan, as well as for general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's brand visibility and provid