Page 2 - Stock Exchange

Norges Bank supports ZEEL's preferential issue of convertible warrants

Norges Bank Investment Management, a major ZEEL shareholder, supports the company's preferential issue of convertible warrants to promoter group entities ahead of the EGM on July 10

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

NSE to settle colocation case with Sebi for ₹1,388 cr; clears IPO path

The NSE has agreed to pay ₹1,388 crore to settle the colocation case with Sebi, resolving a major regulatory overhang and paving the way for its long-pending public listing

UGRO Capital to acquire Profectus Capital for Rs 1,400 crore deal

Rs 1,398.6 crore all-cash acquisition will boost UGRO's MSME lending scale, add school finance, and improve profitability and secured asset mix

Stricter internal controls, fund infusion on Ramkrishna Forgings' radar

Promoters to infuse Rs 204.75 crore at 3x market price via warrants as part of effort to offset accounting losses and strengthen internal controls and SAP processes

NSE, BSE in high-stakes fight over changing derivatives expiry day

National Stock Exchange of India Ltd. is trying to change the expiration for listed derivative contracts from Thursday to Tuesday - a day traditionally dominated by its smaller bourse BSE Ltd

Chinese EV battery maker CATL debuts on Hong Kong exchange, raises $4.6 bn

CATL's listing, the largest globally this year, could be a nudge for other major mainland China firms that are already eyeing Hong Kong's equity markets

Public-promoter confusion deepens with switches across companies

In many instances, same shareholder is both public and promoter

NSE closes probe into Jane Street trades flagged for unusual activity

The transactions in question involved rapid reversals of trades, sometimes at prices far above or below prevailing market rates

FPI flows resume after a day's pause as India, Pak ease border tensions

The Indian rupee also strengthened, rising from a low of 88 in February to below 84 this month

BSE asks trading members to take measures to ward off any cyber threat

Leading stock exchange BSE has directed market participants to take precautionary measures on potential "high-impact" cyber-attacks by beefing up security monitoring of the systems with appropriate incident response plans. This comes amid India launching missile attacks on Pakistan and Pakistan-occupied Kashmir. In a circular issued on Wednesday, BSE has asked market participants "to take precautionary measures on potential cyber risks, including high-impact cyber-attacks such as ransomware, supply chain intrusions, DDoS attacks, website defacement and malware" It asked trading members to check if necessary security controls are in place, conduct risk assessment and mitigate any findings, beef up security monitoring of the systems with appropriate incident response plans, and increase threat hunting activities. These measures are aimed at ensuring a safe marketplace. This directive comes after an advisory was received from the Indian Computer Emergency Response Team (CERT-In) ...

Sebi directs brokers to collect margins by T+1 settlement day

Markets regulator Sebi on Monday directed brokers to collect all other margins, except value at risk (VaR) and Extreme Loss Margin (ELM), by the T+1 settlement day. The decision has been taken due to the shift from T+2 to T+1 settlement cycle. Trading members or clearing members are required to mandatorily collect upfront VaR margins and ELM from their clients. Earlier, they had time till 'T+2' working days to collect margins (except VaR margins and ELM) from their clients. "With effect from January 27, 2023, the settlement cycle has been reduced from T+2 to T+1 across all scrips in the cash market. "In this regard, based on representation received from the Brokers' Industry Standards Forum (ISF) and to ensure a more robust risk management framework, it has been decided that keeping in view the change in the settlement cycles, the TMs (trading members)/CMs (clearing members) shall be required to collect margins (except VaR margins and ELM) from their clients by the settlement day,"

Aditya Birla Sun Life AMC Q4 results: Profit grows 9% to Rs 228 cr

The company's board of directors in its meeting recommended a dividend of Rs 24 per equity share for FY25

Fast and furious: In a first, bourses cross 10 billion trades in FY25

Record numbers on both exchanges

Sebi extends auto trading window rules to kin of designated persons

Markets regulator Sebi on Monday extended its automated trading window closure mechanism to include immediate relatives of designated persons (DPs) in listed companies, ahead of the declaration of financial results. This move aims to prevent inadvertent non-compliance with insider trading norms by ensuring that those who may have access to unpublished price-sensitive information (UPSI) such as quarterly results are prohibited from trading during specific periods. Earlier, the restriction applied only to DPs. Now, Sebi has extended the scope to cover their immediate relatives as well, according to its circular. As per Sebi's definition, an immediate relative includes a spouse, and also a parent, sibling, or child (of the person or the spouse), provided they are financially dependent or consult the person in decisions related to trading in securities. This move follows a system already in place for DPs, which uses PAN-based trading freeze. To ensure a smooth rollout, the implementa

HDFC AMC Q4 results: Profit rises 18% to ₹638 cr, total income up 20.5%

In comparison, the company posted a PAT of Rs 541 crore in the year-ago period, the fund house said in a regulatory filing to the stock exchanges

150 years of BSE: When the nation witnessed a rally before independence

The concluding part of the Booms and Busts series looks at the share market rally ahead of Independence, and its eventual decline

150 years of BSE: When 100 banks failed and took stockbrokers with them

As the country's oldest stock exchange, the BSE, completes 150 years, Business Standard looks at lesser-known events from the pages of India's stock-market history

Sebi lowers minimum investment in social stock exchange to Rs 1,000

According to the latest directive, the September 2022 circular will now specify that the minimum investment size for ZCZP instruments will be Rs 1,000

Market regulator Sebi looks to boost social stock exchange platform

The regulator said there is a line-up of more than Rs 5 crore worth of ZCZP issuances