Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large
New clause to help issuers gauge institutional investor demand
Suggests halving disclosure timeline to 12 hours; proposes mandating top 250 listed firms to confirm/deny media reports
Last week, the Adani group had revised the open offer timeline to Nov 22; offer price of Rs 294 a share is at a 24% discount to NDTV's closing price of Rs 365.85 on Monday
Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year
Market regulator Sebi on Monday came out with a detailed regulatory framework for online bond platform providers in a bid to streamline their operations. Online Bond Platform Providers (OBPPs) would be companies incorporated in India and they should register themselves as stock brokers in the debt segment of the stock exchange, as per the framework that would be effective immediately. The Securities and Exchange Board of India (Sebi) said that an entity acting as an OBPP prior to the new rules coming into force, cannot offer products or services on its platform except listed debt securities and debt securities proposed to be listed through a public offering. "With the bond market offering tremendous scope for development, particularly in the non-institutional space, there is a need to place checks and balances in the form of transparency in operations and disclosures to the investors dealing with such Online Bond Platforms (OBPs), measures for mitigation of payment," Sebi said. Las
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Regulator issues fresh guidelines for unpaid securities
As 15 entities including Reliance file their expressions of interest for Future Retail, here's all you need to know about the company and Amazon's legal battle against its deal with Reliance
ESMA has this week said Indian clearing corporations will not be recognised as such in Europe because "no cooperation arrangements" could be signed between it and the Indian regulators
Capital markets regulator Sebi has introduced a regulatory framework to facilitate providers of online bond platforms that are selling listed debt securities. Under the new rules, no person would act as an online bond platform provider without obtaining registration certificate as a stock broker from Sebi, the regulator said in a notification made public on Friday. Such a person would have to comply with the conditions of registration and such other requirements specified by the regulator from time to time. The move will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries. A person acting as an online bond platform provider without registration certificate prior to the date of this regulation coming into force can continue to do so for a period of three months. The regulator has defined online bond platform as any electronic system, other than a recognised stock exchange or an ...
Non-promoter entities in bankruptcy-hit firms to be given opportunity to acquire shares
Tribunal stays order restraining company and promoters from capital markets for 2 years
Even as number of investors has risen, shows SCORES data
In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed
Export order to be executed over three-year time frame
Capital markets regulator Sebi has proposed a cloud framework for its regulated entities, highlighting key risks and control measures such entities need to consider before adopting cloud-based solutions. The proposed framework outlines the regulatory and legal expectations from Sebi-regulated entities (REs) if they adopt cloud computing solutions. "In recent times the dependence on cloud solutions for delivering information technology (IT) services is increasing. "While cloud solutions offer multiple advantages -- ready to scale, ease of deployment, no overhead of maintaining physical infrastructure among others -- an RE should also be aware of the new cyber security risks and challenges which cloud solutions introduce," the regulator said in its consultation paper. Accordingly, a cloud framework has been drafted to address the risks effectively and ensure legal and regulatory compliance. The Securities and Exchange Board of India (Sebi) has sought comments on the proposal till ...
Yield-to-maturity between 7.36% and 7.5% for these schemes with fixed tenure makes them attractive bet
The IPO comprises a fresh issue of equity shares aggregating to up to Rs 750 crore and an offer-for-sale (OFS) component aggregating up to Rs 850 crore by promoter selling shareholders
Written submissions sought after hearings held in August