Page 6 - Securities And Exchange Board Of India

Sebi plans overhaul of mutual fund classification, ease restrictive clauses

Amid concerns over the proliferation of thematic MF schemes, Sebi aims to address the lack of differentiation within the 36 prescribed categories

Sebi bars Gensol Engineering promoters for alleged fund diversion

Regulator will appoint a forensic auditor to examine accounts

Sebi bans Gensol Engg, promoters from securities mkt in fund diversion case

The regulator has also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders

Nifty on thin line, Mazagon nears global docking point, Sebi's microscope

Last week, the government sold a 3.5 per cent stake in Mazagon Dock Shipbuilders (MDSL) through an offer for sale (OFS)

Sebi sets up high-level committee to review conflict of interest provisions

Former IAS & CVC Pratyush Sinha to chair the six-member high-level committee

CDSL to deposit Rs 3 cr as financial disincentive for technical glitches

The depository on Tuesday stated that Sebi's directions will have no impact on its operations or other activities

Sebi fines Rs 7L on Reliance Securities for flouting stock brokers' norms

Markets regulator Sebi on Monday imposed a penalty of Rs 7 lakh on Reliance Securities for non-compliance with the stock brokers' norms. It has been directed to pay the fine within 45 months, according to an order issued by Sebi. The direction came after the Securities and Exchange Board of India (Sebi) conducted an inspection of Reliance Securities, a registered stockbroker, from December 22, 2022, to January 24, 2023, to verify whether the entity compiled the stock broking activities. In its probe, Sebi found that Reliance Securities reported incorrect details in daily margin statements sent to clients in three instances. Further, the ledger balance was wrongly reported in one instance. Additionally, the regulator noted that Reliance Securities did not comply with risk-based supervision (RBS) guidelines as data for cash collateral was not captured while reporting the RBS data. "In RBS, Noticee (Reliance Securities) declared Rs 16.13 crore to the exchange for total funds availabl

Market regulator Sebi issues framework for return verification agency

Agency will verify the claims made by investment advisors, research analysts, and algo providers

Sebi launches system to verify authenticity of notices and summons

Sebi warns NSDL for compliance on centralised database

Reassess choice of tax regime, spread investments across year

Investments in Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) should be made by the 5th of April

Sebi extends NSDL share listing deadline to July 31, 2025 for IPO prep

Capital markets regulator Sebi has granted an extension for the listing of National Securities Depository Ltd (NSDL) shares until July 31, 2025, the depository announced. This extension comes after the depository sought an extension from the Securities and Exchange Board of India (Sebi). According to NSDL's statement, "Sebi, vide its letter dated March 28, 2025, has granted an extension for the listing of shares of NSDL on a recognised stock exchange until July 31, 2025, subject to the conditions." Market experts suggest that this extension will give NSDL ample time to ready itself for the Initial Public Offering (IPO) and to launch it when market conditions are more favourable. Sebi granted its go-ahead to NSDL in September 2024 to float its IPO. The depository had filed its draft papers in July 2023. The proposed IPO will be a complete Offer For Sale (OFS) of over 5.72 crore equity shares by existing shareholders, including the National Stock Exchange of India (NSE), State Bank

NSDL IPO expected by July as Sebi extends in-principle listing approval

In a letter dated March 28, Sebi granted an extension to the in-principle approval for listing, subject to certain conditions

Flexspace provider IndiQube gets Sebi approval for Rs 850 crore IPO

Backed by venture capital firm WestBridge Capital and noted investor Ashish Gupta, IndiQube operates with 103 centres across 13 cities

Street signs: Belated farewell for Buch, investors check in to hotel stocks

Hotel stocks have been on a hot streak over the past month, buoyed up by a steady business outlook

SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares

Cash logistics player SIS Cash Service Ltd has filed draft papers with the market regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 100 crore and an offer for sale (OFS) of 37.15 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares in the OFS are SIS Ltd and SMC Integrated Facility Management Solutions Ltd. Proceeds from the fresh issue to the tune of Rs 37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle; Rs 29.81 crore for payment of debt and a portion will be used for general corporate purposes. SIS Cash Services is the second-largest player in the industry by revenue for fiscal 2024, with an estimated market share of 17-18 per cent, according to a Crisil report. The company operates under the trademark SIS Prosegur, while its wholly-owned material subsidiary, SIS Prosegur Holdings, operates un

Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer

Park Medi World, which operates the hospital chain under the Park brand, has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,260 crore through an initial public offering (IPO). The IPO is a combination of fresh issue of shares worth Rs 900 and an offer for sale (OFS) of shares valued Rs 300 crore by promoter Ajit Gupta, according to the draft red herring prospectus (DRHP) filed on Friday. Furthermore, the company may consider a Pre-IPO Placement of up to Rs 192 crore. If such placement is completed, the amount raised will be reduced from the fresh issue size. The company plans to use the proceeds worth Rs 410 crore for payment of debt and Rs 110 crore will be allocated for funding capital expenditure related to the development of a new hospital and the expansion of an existing hospital by its subsidiaries, Park Medicity (NCR) and Blue Heavens, respectively. A further Rs 77.19 crore is earmarked for the purchase of medical equipment by the ..

BSE stock rises as mkt regulator Sebi works out solution to expiry-day woes

Measures proposed seen benefiting BSE; NSE halts plan to shift expiry

NSE looks to assuage Sebi concerns around IPO, seeks nod to file DRHP

Underscores steps taken to bolster technology, governance

Pledging mutual funds? Keep extra units handy to handle margin calls

Previously, availing these loans was a cumbersome physical process that took five-seven working days

Ardee Engineering files draft papers with Sebi for ₹580 crore IPO

Ardee Engineering Ltd has filed preliminary papers with capital markets regulator Sebi for an initial public offering (IPO) to raise Rs 580 crore. The IPO of the Hyderabad-headquartered company consists of a fresh issue of equity shares worth Rs 500 crore and an Offer-for-Sale (OFS) of Rs 80 crore by the promoter Chandra Sekhar Moturu, according to the draft red herring prospectus (DRHP) filed on Thursday. The company may consider raising Rs 100 crore in a Pre-IPO placement round. If such a placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 279.6 crore will be used for setting up two new manufacturing facilities at Seetharampur, Telangana; Rs 44.8 crore for establishing a new integrated manufacturing facility at Parawada, Andhra Pradesh; Rs 65 crore for payment of debt and rest for general corporate purposes. Ardee Engineering is an integrated design, engineering and manufacturing company having three primary business line