Page 21 - Securities And Exchange Board Of India

Sebi board meeting: Key decisions on AIFs, NPOs, REITs, index providers

Markets watchdog Sebi on Saturday approved providing flexibility to Not for Profit Organisations (NPOs) in raising funds through the social stock exchange and also decided to introduce a regulatory framework for index providers. These were among the decisions taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting held here. In a release, the regulator said flexibility will be provided for fund raising by NPOs through the social stock exchange. In this regard, the minimum issue size in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP) for NPOs on the social stock exchange will be reduced to Rs 50 lakh from Rs 1 crore. Among other decisions, a regulatory framework will be introduced for the index providers to foster transparency and accountability in governance and administration of financial benchmarks in the securities market.

Market regulator Sebi proposes easing trading plans for company insiders

Move aimed at providing promoters more flexibility while dealing in their shares

Burmans write to Sebi seeking probe into Religare share sale by chairperson

The Burman family has written to the Securities and Exchange Board of India, seeking a probe into trades in the shares of the Religare Enterprises Ltd by chairperson Rashmi Saluja

Sebi's job to ensure capital formation: Ananth Narayan at BS BFSI Summit

Sebi WTM Ananth Narayan talks about walking the tightrope between overregulation and underregulation

NCDEX suffers major losses as suspension of futures gets extended

The commodities are paddy (non-basmati), wheat, chana, mustard seed and its derivatives, soybean and its derivatives, crude palm oil and moong

Sebi bars finfluencer from securities market, asks to disgorge Rs 17 cr

'Baap of Chart' gave trade recos in the garb of education courses, mislead clients, alleges Sebi

AIF trustees seek more powers to fulfil their obligations amid Sebi probe

They complain about delayed or no disclosure from investment managers

Sebi finalises SOP to stop promoter misuse of foreign cos for shareholding

With this, these investors will not be able to use overseas insurance companies to secretly own shares of a company and manipulate its share prices

Sebi to pilot Asba-like framework for secondary markets in December: Report

Asba facility is already available for the primary market which ensures that money from an investor gets moved only when an allotment happens

Mid-term report card of Sebi chief shows her priorities have worked

While Sebi has always defined its role as that of a troika of development of the capital markets, their regulation and protection of investor interests, Buch has drawn the lines linking them

Sebi should stand firm, finish its Adani probe in timely manner: Cong

The Congress on Thursday urged the SEBI to stand firm and finish its investigation into the Adani matter in a timely manner, even as it reiterated that only a JPC probe can investigate the full scope of the issue. In a post on X, Congress general secretary Jairam Ramesh cited a media report which claimed that the Securities and Exchange Board of India (SEBI) has asked the Organized Crime and Corruption Reporting Project (OCCRP) to give it access to key documents about the allegations of stock manipulation and accounting fraud against the Adani Group. "Recently, the Organised Crime & Corruption Reporting Project (OCCRP) found clinching evidence that Adani associates were controlling opaque shell companies in overseas tax havens that had amassed huge stakes in Adani Group companies. All this was done in blatant violation of SEBI regulations," Ramesh said. Major global papers like the Financial Times and the Guardian covered the story in detail, he pointed out. "The Adani Group and ..

India's top regulators investigating alternate investment funds: Report

The sources declined to be identified because they are not authorised to speak to the media. Sebi and RBI did not respond to requests for comment

InGovern Research Services writes to Sebi over TD Power IPO disclosures

Proxy firm says regulator should probe omissions of material facts and misstatements in 2011 IPO prospectus

Market regulator Sebi to seek fresh feedback on trading hour extension

Earlier, NSE had said it had carried out an extensive consultation process for about nine months and had obtained consensus from most industry players

Centralised reporting makes claiming shares after investor's death easier

Procedure applies only to Sebi-regulated investments, not to bank accounts, insurance policies, other assets

SRM Contractors files draft papers with Sebi to mop-up funds via IPO

SRM Contractors Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO). The maiden public issue is entirely a fresh issue of 62 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP). Proceeds of the issue will be used to purchase machinery, support working capital requirements, invest in joint venture projects, pay debt and for general corporate purposes. SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. Interactive Financial Services Ltd is the sole book running lead manager to the issue.

Unauthorised trading calls land investment advisors in Sebi's net

The analysis has considered 918 RIAs and 5,330 investor complaints

Popular Vehicles and Services Ltd files IPO papers with Sebi again

Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale. This is the company's second attempt to go public. Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating an Initial Public Offering (IPO) but deferred the maiden public issue amid uncertain market conditions. According to the Draft Red Herring Prospectus (DRHP) filed on Thursday, the IPO comprises fresh issuance of equity shares worth Rs 250 crore and an Offer For Sale (OFS) of 1.42 crore equity shares by Banyantree Growth Capital II, LLC. Besides, the company is looking to raise Rs 50 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced. Proceeds of the fresh issue will be used for payment of debt and general corporate purposes. The Kerala-based company is a leading divers

Dee Development Engineers seeks Sebi nod to raise funds through IPO

Piping solutions provider Dee Development Engineers Ltd has filed draft papers with capital markets regulator Sebi to mop up funds through an Initial Public Offering (IPO). The initial share sale comprises fresh issuance of equity shares worth Rs 325 crore and an offer for sale of 79 lakh equity shares by a promoter Krishan Lalit Bansal, according to the Draft Red Herring Prospectus (DRHP). Currently, Bansal owns 74.74 per cent stake in the company. In addition, the company may consider mobilising Rs 65 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced. As per the preliminary papers filed on Thursday, the funds mopped up through the fresh issuance of equity shares will be used for payment of debt, supporting working capital requirements and for general corporate purposes. SBI Capital Markets and Equirus Capital have been appointed as merchant bankers to manage the company's maiden public issue. Equity shares of the engineeri

Part ownership

Allowing fractional shares will benefit retail investors