Page 3 - Securities And Exchange Board Of India

Jane Street to resume trading: Arbitrage vs market manipulation explained

Market regulator Sebi alleges Jane Street used coordinated trades to distort index prices and profit from expiry-day volatility. The firm denies wrongdoing and has challenged the ban

Sebi proposes linking gold, silver ETFs to spot prices on domestic exchange

New Sebi proposal aims to bring consistency across AMCs by valuing gold and silver ETFs using domestic spot prices instead of LBMA-derived pricing with adjustments

Sebi nears finalisation of penalty rationalisation framework for brokers

Sub-committee submits suggestions to Sebi including warnings for minor lapses, single-exchange penalty imposition, and reclassification of non-serious infractions

Angel One posts lower quarterly profit on derivative trading curbs

The company's consolidated profit fell to $13.3 million in the three months ended June 30, compared with Rs 293 crore a year earlier.

Jio BlackRock gets Sebi approval to launch four passive index schemes

New offerings by Jio BlackRock include Nifty midcap, next 50, smallcap, and 8-13 year G-Sec index funds

US trading firm Jane Street deposits ₹4,844 crore in escrow account

HFT firm Jane Street moves Sebi to lift interim curbs after parking Rs 4,844 crore in escrow; regulator says it will issue appropriate directions soon

F&O Market: The real issues and the socioeconomic benefits questioned

Foreign and domestic traders should be treated equitably in tax matters

Jane Street ban threatens 900% rally for Asia's oldest stock exchange

The Jane Street fallout has already taken a toll on BSE, with the shares on July 4 suffering one of their steepest declines this year - extending a slide that had already begun

Traders watch expiry day moves after Sebi ban on Jane Street Group

The benchmark NSE Nifty 50 Index opened little changed, with its biggest components - HDFC Bank Ltd., Reliance Industries Ltd. and ICICI Bank Ltd. - barely moving

Jane Street calls Sebi order 'fundamentally mistaken' over allegations

Jane Street criticises Sebi's July 3 order, calling it "fundamentally mistaken." The US-based trading firm is exploring legal options and preparing a formal response.

Jane Street shows dangers of treating finance as 'shampoo sachet'

Sebi's trading ban on Jane Street and freezing ₹4,840 crore ($570M) profits sends shockwaves through global finance and algorithmic trading markets

Jane Street to challenge Sebi's market manipulation charges, email shows

Jane Street's email sent to its employees said it was "beyond disappointed" by the regulator's "extremely inflammatory" accusations and was working on a formal response

Sebi proposes e-book platform for NPO fund raising on Social Stock Exchange

Capital markets regulator Sebi on Wednesday proposed a dedicated electronic book provider platform for fundraising by not-for-profit organisations (NPOs) through the Social Stock Exchange. The proposed framework aims to streamline the process for NPOs to issue Zero Coupon Zero Principal instruments and other permitted securities on the SSE by introducing a common bidding and settlement platform called the SSE Electronic Book Provider (SSE-EBP), the regulator stated in a consultation paper. Under the draft circular, NPOs intending to raise Rs 50 lakh or more in a single issue or via shelf issues will have to use this new platform. The SSE-EBP will be open to a wide range of participants including qualified institutional buyers, non-institutional and retail investors. However, foreign portfolio investors and foreign funds will not be allowed to participate, Sebi said. Also, the regulator said issuers will be required to submit detailed fundraising documents and term sheets ahead of t

Sillverton Industries files for IPO with Sebi, seeks to raise ₹300 crore

Eco-friendly paper manufacturer Sillverton Industries has filed draft papers with markets regulator Sebi seeking its approval to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 129.4 crore would be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. An additional Rs 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, Rs 72 crore for the payment of debt and the remaining funds for general corporate purposes. Sillverton Industries is into manufacturing and marketing of eco-friendly ..

Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Thursday. As part of the OFS route, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore. Also, the Mumbai-based Credila Financial Services is looking to raise about Rs 600 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh issue will reduce accordingly. The updated draft filing comes after Credila's confidential offer documents w

Sebi asks portfolio managers to remove exaggerated advertisements

In a letter sent to the association of portfolio managers, Sebi directed them to adhere to the code of conduct

Block deal window: Sebi unlikely to revise rules despite elusive deals

Narrow price band of 1% hinders deal execution

Sebi's uniform charge rule faces BSE test amid concerns over fee structure

Market participants raise concerns over BSE's varying transaction charges, while BSE defends its transparent, regulation-compliant fee structure

NHAI plans to launch public InvIT to increase overall investor base

State-owned NHAI on Monday said it plans to launch a public Infrastructure Investment Trust (InvIT) to increase the overall investor base. Further, NHAI said public InvIT will also cater to retail investors, thereby providing access to infrastructure assets. NHAI had launched a private InvIT and monetised over 2,300 km of highways. An InvIT is a pooled investment vehicle that raises funds from investors by issuing units. Specifically, NHAI said it aims to offer three Toll-Operate-Transfer (ToT) bundles per quarter one small (Rs 2,000 crore), one medium (Rs 5,000 crore), and one large (Rs 9,000 crore) and to conduct one/two InvIT phases each year to cater to a broad spectrum of investors. "NHAI will also assess the market conditions in future and adjust the bundle size accordingly," it added. To attract high-quality institutional investors and investors with expertise in infrastructure management, NHAI said it will develop targeted outreach programmes across geographic locations

Sebi investigates Jane Street's derivatives trades over three years

The investigation - the largest such into a global trading firm - follows a series of steps taken by the Securities and Exchange Board of India (SEBI) to cool the frenzy in India's derivatives markets