Page 12 - Securities And Exchange Board Of India

Sebi enacts significant changes to disclosure and RPT regulations

Ex-WTM S K Mohanty-led expert panel laid the groundwork for these reforms

Sebi issues warning letter to HDFC Bank for regulatory non-compliance

HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter

Go with regulated entity: Listed bonds subject to ratings, oversight

Unlisted securities, issued by smaller companies, often promise high interest rates of 15-18 per cent to attract investors

What extending T+0 settlement to 500 stocks may mean for market liquidity

According to the Sebi circular, the T+0 cycle will be available on an optional basis for the top 500 companies by market capitalisation from January 31, 2025

Investment bank DAM Capital Advisors gets Sebi's nod to launch IPO

Investment bank DAM Capital Advisors has received Sebi's go ahead to float an initial public offering (IPO), an update with the markets regulator showed on Tuesday. The proposed IPO is solely an offer-for-sale (OFS) of 3.2 crore equity shares, with no fresh issue component, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS are promoter Dharmesh Anil Mehta, investors Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services and Narotam Satyanarayan Sekhsaria. Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than the company. DAM Capital Advisors, which filed preliminary papers with Sebi in September, obtained the regulator's observations on December 4, the update showed. In Sebi's parlance, obtaining the observations means its go ahead to launch the public issue. In its draft papers, the company stated that it plans to go public in a bid to achieve the benefit

Sebi warns against unauthorised platforms for unlisted securities

Sebi highlighted that these platforms operate in violation of the Securities Contracts (Regulation) Act, 1956, and the Sebi Act, 1992, which are designed to protect investors' interests

Sebi bars Mishtann Foods from raising public funds for seven years

Sebi pointed out that almost all sale and purchase transactions of Mishtann Foods Ltd (MFL) since FY20 were prima facie found to be fictitious

MF industry seeks relaxation in rules framed to prevent market abuse

Say new system disrupts their ability to execute large deals

Sebi relaxes prior order of ban on Axis Capital managing debt securities

Securities and Exchange Board of India, in an interim September order, had banned Axis Capital from acting as a banker for new debt issues, alleging violation of rules

Mkt regulator Sebi nod to Roshni Nadar to acquire majority stake in HCLTech

Grants exemption from open offer for acquiring stake from father Shiv Nadar

Market regulator Sebi notifies pro-rata distribution norms for AIFs

AIFs are niche investment vehicles for affluent investors with high entry barriers. These investments are drawn and deployed in tranches based on the investment opportunity

Sebi study uncovers alarming trends in royalty payments at listed companies

In one out of four times, listed entities paid royalties exceeding 20% of their net profits to related parties. And 185 instances of royalty payments were by companies that made losses

Supreme Court dismisses 1994 Sebi appeal against Ambani's Reliance entities

SC dismisses Sebi's appeal against Reliance Investment Holdings, Mukesh, and Anil Ambani over 1994 takeover norms breach, citing 'inordinate delay' in the regulator's actions

CareEdge group to scale up share for its non-rating business to 20%

The plan is to establish regional hubs to enhance local connections in the countries rated by CARE

Sebi looks to expand scope of unpublished price-sensitive information

To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price Sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements. In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI. Additionally, key developments in corporate insolvency proceedings, such as initiation or approval of resolution plans by the tribunal, should be disclosed as potentially price-sensitive. If a forensic audit is launched or concluded for issues like fund misappropriation or financial misstatements, it should be disclosed as price-sensitive. The proposed changes to Sebi's definition of UPSI are aimed at increasing regulatory clarity and ...

India equity clearing corporations need diverse ownership: Sebi official

In June, Sebi set up a committee to review the ownership structure of clearing corporations to ensure greater independence and resilience

Sebi member warns against 'race to the bottom' among MIIs at BS BFSI Summit

Ananth Narayan Gopalakrishnan, whole-time member, Securities and Exchange Board of India (Sebi), shares insights into MIIs at the Business Standard BFSI Insight Summit

Sebi gives nod to Rubicon Research, Sai Life Sciences, others to float IPOs

Four companies, including pharmaceutical formulation firm Rubicon Research and TPG Capital-backed Sai Life Sciences, have received Sebi's go-ahead to raise at least Rs 3,000 crore collectively through Initial Public Offerings (IPOs), an update with the markets regulator showed on Wednesday. The other two firms that obtained the regulator's clearance are yarn manufacturer Sanathan Textiles and auto components maker Metalman Auto. Meanwhile, BMW Ventures, which filed its preliminary IPO papers in September, withdrew the documents on October 28. The four companies -- Rubicon Research, Sai Life Sciences, Sanathan Textiles and Metalman Auto -- which filed their draft IPO papers with Sebi during July and August, obtained the regulator's observations on October 31, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float public issues. The Rs 1,085-crore IPO of Rubicon Research is a combination of a fresh issue of equity shares worth Rs 500 crore and an O

Sebi proposes Rs 1 cr minimum investment, demat form for securitisation

Markets regulator Sebi has proposed a minimum ticket size or investment threshold of Rs 1 crore for the RBI-regulated originators and unregulated entities engaged in securitisation activities. The proposal also introduced limitations on the number of investors in private placements, allowing securitized debt instruments (SDIs) issued privately to be offered to a maximum of 200 investors. If this limit is exceeded, the issuance must be classified as a public issue. Public offers should remain open for a minimum of three days and a maximum of 10 days, with advertisement requirements aligned with Sebi's regulations for non-convertible securities. Additionally, the regulator has suggested that all securitized debt instruments should be issued and transferred exclusively in demat form. SDIs are financial products created by pooling together various types of debt -- such as loans, mortgages, or receivables -- and then selling them as securities to investors. This process, known as ...

Sebi plans relaxed norms, sunset clause for high-value listed debt firms

Move to ease compliance burden for 166 pure-debt listed entities