Page 85 - Sebi

How will Sebi's proposed F&O rules affect BSE, NSE, Zerodha, Angel One?

Spillover of trading activity from these contracts into remaining products, analysts believe, can limit the impact to 20-25%

Sebi proposes seven key changes to curb derivatives trading framework

Fewer options strike prices, reducing weekly expiries among steps proposed

Sebi returns IPO documents of Vishal Mega Mart, Avanse Fin, and 2 others

Sebi has returned the IPO draft documents of four firms, including supermart major Vishal Mega Mart, education-focused NBFC Avanse Financial Services and private equity major TPG Capital-backed Sai Life Sciences, an update with the regulator showed on Tuesday. Additionally, the offer document of BMW Ventures was returned too. The company's initial public offering (IPO) papers were received by Sebi on July 1. The Securities and Exchange Board of India (Sebi) has returned the offer documents of these four companies for "non-compliance with Regulation 7(1) (a) of Sebi ICDR Regulations, 2018, as on July 24, 2024". According to the Regulation 7(1) (a) of Sebi ICDR Regulations, an issuer making an initial public offer shall ensure that it has made an application to one or more stock exchanges to seek an in-principle approval for listing of its specified securities on such stock exchanges and has chosen one of them as the designated stock exchange. Vishal Mega Mart, on July 12, took the .

Sebi mulls changes in norms for FPIs from land-bordering countries

The market regulator has proposed linking the disclosure requirements to a minimum threshold to identify whether the FPI is based in an LBC

Don't want Paytm-like contamination in stock markets, says Sebi chief

Decision on mandatory ASBA for secondary market soon

Sebi proposes measures to curb speculative trading in index derivatives

Sebi also proposed weekly options contracts to be provided on a single benchmark index of an exchange and brokerages to collect option premiums on an upfront basis from their clients

Sebi launches chatbot SEVA, Prudent AUM crosses Rs 1 trillion, and more

One of the largest mutual fund (MF) distributors Prudent Corporate Advisory on Monday informed exchanges that its total MF assets under manage­m­ent (AUM) has crossed Rs 1 trillion

Market regulator Sebi plans to widen net to curb insider trading

Proposes amendments in definition of 'connected persons', covers more relatives under PIT Regulations

Senores Pharma files IPO with Sebi, aims to raise Rs 500 cr via fresh issue

Senores Pharmaceuticals Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The Ahmedabad-based company's IPO is a combination of fresh issuance of shares worth Rs 500 crore and an offer for sale (OFS) of up to 27 lakh equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP). The offer also includes a reservation for a subscription by eligible employees. The pharma company may consider raising up to Rs 100 crore as pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance will be utilised for setting up a manufacturing facility for the production of sterile injections in its Atlanta facility; funding the working capital requirements of the company and its subsidiaries; supporting inorganic growth through acquisition and other strategic initiatives and payment of debt. Besides, a portion will

PSU banks may get another 2-year extension to comply with Sebi's MPS norms

Public sector banks are expected to get another two-year extension to comply with Sebi's minimum public shareholding (MPS) norms, a top government official has said. Out of 12 public sector banks (PSBs), five are yet to comply with MPS norms and the government's holding is beyond 75 per cent. As per the Securities and Exchange Board of India (Sebi), all listed companies must maintain an MPS of 25 per cent. However, the regulator gave special forbearance to state-owned banks till August 2024 to meet the requirement of 25 per cent MPS. "We have written to the Department of Economic Affairs for the extension," Financial Services Secretary Vivek Joshi told PTI in an interview. Generally, he said, a two-year extension is given and hopefully it should come sooner than later. Five banks have minimum public shareholding of less than 25 per cent. Currently, government holding in Delhi-based Punjab & Sind Bank is 98.25 per cent. It is followed by Chennai-based Indian Overseas Bank at 96.3

Sebi confirms order against 12 entities including V Marc India for fraud

Sebi on Friday affirmed its earlier order with some modifications against 12 entities, including promoter of V Marc India Ltd for engaging in a fraudulent scheme to manipulate volumes and price of the company's shares. Passing a 121-page confirmatory order with some modifications, Sebi restrained 12 entities from the securities market. "I, hereby confirm the directions of the interim order dated February 28, 2024, subject to the following modification - the total liability for the alleged illegal gains to be impounded stands modified to Rs 6.30 crore as Jai Kishorr Singhal has deposited the alleged illegal gains made by him," Sebi's whole time member Ananth Narayan G said in the confirmatory order. The watchdog also noted observations made in the present order are tentative in nature and pending further investigation. The probe will be carried out without being influenced by any of the directions passed or any observation made either in the interim order or in the present order. Ba

Sebi bars fugitive businessman Vijay Mallya from securities mkts for 3 yrs

Mallya, through an FII entity named Matterhorn Ventures, has indirectly trades in scrips of his group entities in India, thus concealing the true identity of his investments in securities market

Married traders outperform single counterparts in profit-making: Sebi study

Markets regulator Sebi has delved into the patterns of intraday trading, revealing a surprising new factor influencing trading performance: relationship status. The regulator's analysis suggests stark differences between the trading behaviours and outcomes of married and single traders, as well as between male and female traders. The Sebi's study, on intraday trading in equity cash segment, found that married traders tend to outperform their single counterparts in several key areas. During the years -- FY19, FY22 and FY23-- examined by the regulator, the proportion of loss-makers was lower among married traders compared to single traders. "On comparing single vs married traders group, married traders group had a higher proportion of profit-makers than single traders group across all the three years," the study revealed. Besides, group of married traders had lower proportion of loss-makers than single traders across years. During FY23, 75 per cent of single traders were loss-makers

Standard Glass Lining Technology files DRHP with Sebi to raise Rs 600 cr

Standard Glass Lining Technology Limited on Friday said it has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offer (IPO). The city-based firm in the DRHP said the public issue comprises a fresh issue of shares with a face value of Rs 10, aggregating up to Rs 250 crore and an offer for sale of 18.444 million shares of Rs 10 each, aggregating up to Rs 350 core. The firm, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors in India, will raise the funds through 100 per cent book building process and use the proceeds from this offer for capital expenditure for repayment of some existing loans, funding inorganic growth, and for general corporate purposes. The company will decide the offer price, floor price and cap price in consultation with BRLMs (Book Running Leader Managers), and on the basis of assessment of market demand

Bajaj Finserv MF launches largecap fund; Greatdeal settles case with Sebi

Sebi proposed guidelines for CRAs to include detailed reasons for rating actions, especially in cases of default and upgrades of default ratings

Sebi proposes guidelines for CRAs on detailed reasons for rating actions

Markets regulator Sebi on Thursday proposed guidelines for credit rating agencies (CRAs) to include detailed reasons for rating actions, especially in cases of default and upgrades of default ratings. In its consultation paper, the regulator has recommended removing "technical default" from policies due to potential negative market signals and covenant triggers. CRAs have cited operational issues like force majeure events or bank strikes that should be considered in their policies. The proposed guidelines should consider situations like force majeure events, incorrect investor accounts, or government freezes, alongside significant changes to the company's credit risk profile. Under the current guidelines, any delay of one day or shortfall of even Re 1 in payment (principal or interest) from the scheduled repayment date must be recognised as a default, unless rescheduled by lenders before the due date. At present, CRAs can classify certain situations (like minor delays due to ...

Govt, Sebi warnings pile up as retail participation in stock mkt explodes

The regulator has repeatedly urged small investors to resist their instinct to make a quick buck from trading

7 in 10 intraday traders in equity cash suffered losses in FY23: Sebi study

A study by market regulator Sebi showed that 7 out of 10 individual intra-day traders in the equity cash segment made losses in the financial year 2022-23. At the same time, the study highlighted a sharp surge of over 300 per cent in the number of individuals participating in intraday trading in the equity cash segment in 2022-23 compared to 2018-19. Interestingly, the average number of trades by loss-makers was higher than the profit-makers. Further, the share of young intra-day traders, with less than 30 years of age, has risen significantly over the period, according to the study released by Sebi on Wednesday. The markets regulator has conducted a study to analyse the trends in participation and profits and losses in intraday trading by individuals in the equity cash segment. It covered the periods of FY2018-19, FY2021-22 and FY2022-23 to comparatively analyse the trends before and after the pandemic. The study, based on a sample of individual clients of the top-10 stock brokers

Around 200 registered investment advisors face risk of licence cancellation

Industry asks Sebi to ease entry barriers for investment advisors, reduce compliance burden

Sebi extends timeline for inputs on plan to facilitate ease of doing biz

Markets regulator Sebi on Monday extended the deadline for submission of public comments to July 29 on the proposal of providing additional time for disclosure of litigations or disputes involving claims against listed firms. Sebi, on June 26, issued a consultation paper on recommendations of the expert committee for facilitating ease of doing business and harmonisation of the provisions of ICDR (Issue of Capital and Disclosure Requirement) and LODR (Listing Obligations and Disclosure Requirements) Regulations and had sought public comments by July 17. Now, it has been decided to extend the timeline for submission of comments to July 29, the Securities and Exchange Board of India (Sebi) said in a statement. In its consultation paper, the regulator proposed allowing companies to conduct virtual or hybrid shareholder meetings on a permanent basis. Also, the markets watchdog has suggested additional time for disclosure of the outcome of the board meeting that concludes after trading .