Page 2 - Securities

12 states raise record Rs 35,800 crore through securities auction

In the largest-ever state government securities auction so far this fiscal, 12 states on Tuesday raised Rs 35,800 crore at an average annualised price of 7.74 per cent. The current drawdown is 15 per cent higher than the amount indicated for the week in the auction calendar and 66 per cent higher than the year-ago period. This is the penultimate week in the borrowing calendar for the states this fiscal. Despite increased supply, the states were forced to offer better yields to investors as the weighted average cut-off rose by 7 bps to 7.74 per cent over the past week's auction, according to an analysis by ratings agency Icra. The agency also noted that the weighted average cut-off rose by 7 bps in spite of the weighted average tenor declining mildly to 14 years from 15 years. This also had the spread between the 10-year state bonds and the yield on the 10-year gilt widening to 43 bps today from 34 bps last week.

Global body Iosco flags challenges to operational independence

Iosco says Sebi, 4 other securities regulators in-line with all its principles but one

MSCI receives feedback; to do free float review of Adani Group securities

Index provider MSCI said on Thursday it has received feedback from a range of market participants concerning specific securities associated with the Adani Group

Sebi imposes securities market ban on 8 entities for misusing client funds

Sebi has barred 8 entities from the securities markets for up to seven years and imposed penalties totalling Rs 11.5 crore on them in a case related to misuse and diversion of clients' funds

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

Credit Suisse to pay $495 mn to settle case linked to 2008 financial crisis

The Swiss bank said in a statement on Monday that it's "fully provisioned" for the payment, which will resolve claims tied to more than $10 billion in such securities

Sebi issues framework to prevent misuse of clients' securities by brokers

Capital markets regulator Sebi on Monday put in place a new framework which will prevent misuse of clients' securities and funds by their stock brokers. Under the framework, depositories need to validate the transfer instruction for pay-in of securities from client demat accounts to trading member pool accounts against obligations received from the clearing corporations. This should be done prior to executing actual transfer of the securities for pay-in from client demat account to trading member (TM) pool account, the Securities and Exchange Board of India (Sebi) said in a circular. The framework, applicable from November 25, is aimed at further mitigating the risk for clients' securities, especially those given towards delivery/settlement obligations. "Depositories, prior to executing actual transfer of the securities for pay-in from client demat account to TM Pool account, shall validate the transfer instruction received through any of the available channels for the purpose of .

What could India's inclusion into major global bond indices mean?

The possibility of India being included in global bond indexes this year has led to increased buying in a set of local securities

Sebi directs entities to submit information on unclaimed securities

The move will help identify that amount that needs to be transferred to Investor Education and Protection Fund (IEPF).

Hardening yields to buoy debt MFs, experts recommend short-term maturities

Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts

Coffee Day defaults Rs 480 crore on loan repayment, securities

Coffee Day Enterprises had reported a consolidated net profit of Rs 18.80 crore for the third quarter ended on December 31, 2021

Sebi bars DCHL promoters, 2 others from securities market for up to 2 yrs

Capital markets regulator Sebi has barred the promoters of Deccan Chronicle Holdings Ltd (DCHL) from the securities market for a period ranging from one year to two years as well as imposed penalties totalling Rs 8.20 crore for various violations. The directions passed against them through an order on Tuesday are for fraudulent activities, understatement of loans by DCHL in its financial statements for the fiscal year 2008-09 to 2011-12 and violations of regulations. The regulator imposed a fine of Rs 4 crore on DCHL, Rs 1.30 crore each on T.Venkattram Reddy, T. Vinayak Ravi Reddy, Rs 20 lakh on N Krishnan and Rs 10 lakh on V Shankar. "... restrains T. Venkattram Reddy, T. Vinayak Ravi Reddy,PK Iyer, N Krishnan and V Shankar from accessing the securities market and further prohibit him from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in a manner for a period ranging from one year to two years," Sebi ...

BlackRock halts purchases of Russian securities in active and index funds

BlackRock Inc, the world's largest asset manager, said it had halted purchase of all Russian securities in its active and index funds as of Monday after Russia's invasion of Ukraine

SC stays SAT order directing Sebi's AO to appear before it

A bench of Justices Vineet Saran and Aniruddha Bose issued notice on an appeal filed by the Securities and Exchange Board of India

ICICI Securities profit after tax up 42% to Rs 380 crore in Q3

The company had posted a PAT of Rs 267 crore in the corresponding quarter of the preceding financial year, ICICI Securities stated

NSEIL settles case with Sebi; pays Rs 4.87 crore as settlement fee

It was alleged that NSEIL functioned as a STP centralised hub without obtaining the renewal of approval from Sebi

Bull run in equities to continue for few more years: ICICI Securities

The relative outperformance of midcap stocks is in mid-cycle of multi year bull phase, and is expected to get further amplified

BS Number Wise: An unclaimed market fortune

The value of unclaimed securities and other assets was nearly Rs 20,000 crore in March 2020. It could be just the tip of a capital market iceberg

Litigations delay asset sale process of debt-ridden Reliance Capital

Reliance Capital had a debt of Rs 26,887 crore on a consolidated level as on fiscal year ended March this year

Arihant Superstructures to raise up to Rs 500 core through securities

Realty firm Arihant Superstructures Ltd plans to raise up to Rs 500 crore through issuance of securities. In a regulatory filing, the Mumbai-based firm said the board of directors approved raising of up to Rs 500 crore by issuance of securities. The issue of securities could be through private placement, preferential issue, qualified institutions placement (QIP), follow-on public offering ("FPO"), or a combination thereof. The proposed fundraising is subject to shareholders' approval and other regulatory approvals. The shareholders' approval would be obtained through Extra-Ordinary General Meeting in due course. The board of directors has also constituted a fundraising committee for this purpose.