Page 95 - Sebi

Stock Market Special Session Highlights: Sensex, Nifty end flat; Small, MidCap indices gain up to 1%

Stock Market Special Trading Session, Saturday, May 18, 2024: In the broader markets, the BSE MidCap, and the BSE SmallCap indices gained 0.48 per cent and 0.76 per cent, respectively

Scramble for ERP licence even as doubts remain on the market size

About a dozen players dive into the fray

Sebi fines Rs 8 lakh on Reliance Home Finance for disclosure lapses

Capital markets regulator Sebi on Friday imposed a penalty of Rs 8 lakh on Reliance Home Finance for failing to make disclosures pertaining to NCLT order issued in June 2021 to the stock exchanges. The fine has to be paid within 45 days, the Securities and Exchanges Board of India (Sebi) said. In its order, Sebi noted that Reliance Home Finance has not made disclosures with respect to the NCLT order dated June 21, 2021 and also did not disclose information regarding appeals filed by it and Bank of Baroda against the NCLT's order. As per the NCLT's order, Reliance Home Finance was directed to pay the interest on the debentures at the contractual rate, calculated till realisation, within two months and redeem the debentures on payment of the principal in three months thereafter. Going by the order, the outstanding amount due and payable in respect of the secured non-convertible debentures (NCDs) was more than Rs 2,850 crore. The company was required to make the disclosures within 24

Mutual funds likely to get nod to invest in ETFs with India presence

India exposure in such global ETFs could be capped at 20%

Sebi proposes facilitating investments by mutual funds in overseas funds

Capital markets regulator Sebi on Friday proposed facilitating investments by mutual funds in overseas funds, which invest certain portion of their assets in Indian securities. This is subject to the fact that the total exposure to Indian securities by such overseas funds should not be more than 20 per cent of their net assets, Sebi said in its consultation paper. The move would help keep Indian fund of funds (FoFs) true to their label, coupled with cost effectiveness, for investors. Considering strong economic growth prospects of India, the country's securities offer an attractive investment opportunity for foreign funds and accordingly, various international indices, exchange traded funds (ETFs), mutual funds (MFs), unit trusts (UTs) allocate a portion of their assets to Indian securities, Sebi noted. As of April 30, 2024, the MSCI Emerging Markets Index has a little over 18 per cent weight to Indian securities. Similarly, JP Morgan's Emerging Markets Opportunities Fund' holds .

Awfis Space Solutions' IPO to open on May 22, at Rs 364-383 per share

Flexible workspace solutions company Awfis Space Solutions Ltd on Thursday fixed a price band of Rs 364-383 per share for its Rs 599 crore initial public offering. The company's maiden public issue will open on May 22 and conclude on May 27 and the bidding for anchor investors will open for a day on May 21, according to a statement. Awfis Space Solutions' proposed initial public offering (IPO) is a combination of fresh issue shares to the tune of Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the total IPO size to Rs 599 crore. Promoter Peak XV Partners Investments V (formerly known as SCI Investments) and shareholders Bisque Limited and Link Investment Trust will offload shares in the OFS. At present, Peak XV holds 22.86 per cent stake in Awfis Space Solutions, Bisque and Link Investment Trust own 23.47 per cent and 0.36 per cent stake, respectively, in the company. Proceeds from the fresh issue woul

Rules of the game

Exceptions for PSEs should be avoided

Sebi open to oversight of cryptocurrencies trade, in contrast to RBI

India has taken a tough stance against cryptocurrencies since 2018, when RBI prohibited lenders and other financial intermediaries from dealing with crypto users or exchanges

Sebi plans tighter rules for listing small biz after complaints of misuse

The news rules are slated to be issued later this year after the regulator and exchanges consult stakeholders, they said

Raft of exemptions for government companies covers Sebi, MCA, CCI

The rules surrounding MPS requirements have differed for PSUs compared to their private sector counterparts

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

State-owned insurance giant now has to meet regulatory requirement on or before May 16, 2027

LIC stock up 5.5% as Sebi gives 3 more yrs to meet public shareholding norm

LIC news: The revised timeline for LIC to achieve 10 per cent public shareholding is on or before May 16, 2027

LIC gets 3-year extension from Sebi to meet public shareholding norms

Sebi regulations require all listed companies to maintain a 25% public float, but firms with a post-issue market capitalisation exceeding Rs 1 trillion have a 5-year timeline to meet the 25% MPS rule

Allied Blenders and Distillers gets Sebi's approval to float Rs 1500 cr IPO

The shares are offered at a face value of Rs 2 and is a mix of a fresh issue of equity shares valued at Rs 1,000 crore and an Offer-for-Sale (OFS) of shares worth Rs 500 crore by promoters

Ease penal action for tech glitches, MIIs appeal to market regulator Sebi

Sebi to gather suggestions on applicability of financial disincentives

Allied Blenders Ltd gets Sebi's approval to float Rs 1,500-crore IPO

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an Initial Public Offering (IPO), an update with the markets regulator showed on Tuesday. The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, according to the Draft Red Herring Prospectus (DRHP). As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Allied Blenders and Distillers Ltd, which filed preliminary IPO papers with Sebi in January, obtained its observations on May 10, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. As per the draft papers, proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt, besides, a portion will be used for general corporate purposes. The total

Accounting fraud concerns raise red flags for India's booming tiny IPOs

The crackdown comes after the regulator issued warnings earlier this year of price manipulation in tiny IPOs

Sebi tells investment advisors to share social media details twice a year

Regulator says it wants to protect investors from unsolicited, unverified advice on social media

Certification for AIF manager's investment team mandatory, says Sebi

Capital markets regulator Sebi has amended rules making it mandatory for at least one key personnel within an investment team of an Alternative Investment Fund (AIF) manager to obtain requisite certification. The new requirement is aimed at boosting competency and professionalism in the AIF space. In a notification dated May 10, Sebi said, "At least one key personnel, amongst the associated persons functioning in the key investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Market (NISM) by passing the NISM Series-XIX-C." To give this effect, the Securities and Exchange Board of India (Sebi) has amended AIF rules. The new rules have been made applicable from the same date. Through this requirement of certification for key personnel, the capital markets regulator is looking to ensure a higher proficiency in managing AIFs. Last month, Sebi announced that certain changes in the private placement memorand

ICICI Securities breached shareholder privacy rules: Shareholders tell NCLT

They claimed ICICI Bank contacted and misled shareholders in delisting process