Sebi
Keen to learn about financial markets? Sebi rolls out free investor certification exam
Developed in collaboration with the National Institute of Securities Markets (NISM), this voluntary certification aims to help investors assess their knowledge of markets and investing. It is designed to provide individuals with comprehensive insights into investing in the Indian securities markets.
Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years, slaps fine
Pandya hosted or co-hosted various shows on CNBC Awaaz until August 2021, while Alpesh Furiya appeared on the channel as a guest expert, providing stock recommendations on his Twitter handle. A high correlation was observed between the stock recommendations made by Pradeep Pandya on the show 'Pandya Ka Funda' and the Buy-Today-Sell-Tomorrow and intra-day trades executed by Alpesh Furiya and related entities from November 2019 to January 2021.
Sebi junks rule to freeze Demat a/cs, MF folio rule for non-submission of nomination
The regulator said dividend, interest or redemption payment withheld presently by listed companies and registrar and transfer agents for want of nomination should be processed accordingly.
Sebi to auction 22 properties of seven companies in July
Justice Sailendra Prasad Talukdar has been appointed as the one-man committee for liquidating the assets of the firms and repaying the investors. The move is part of Sebi's effort to recover investors' money.
Did PM Modi and Amit Shah break any Sebi rule by predicting stock market rally after elections? Legal experts weigh in
PM Modi and Amit Shah's post-election stock market rally predictions have sparked a political issue, with Rahul Gandhi linking it to the stock market crash. Legal experts say the statements do not violate Sebi rules.
LIC, YES Bank among 78 stocks that can enter F&O list if Sebi changes rules
Sebi proposes to revise criteria for derivatives market, potentially adding 78 stocks like LIC, Zomato, YES Bank. Changes include higher thresholds for order size, market-wide position limits, and introducing Product Success Framework for single-stock derivatives after 6 months.
Trader sends abusive responses to Sebi regarding insider trading, fined Rs 20 lakh
Though Rajat Mishra said he would be available for video call anytime in response to the summons dated March 7, he failed to appear through the call before the investigating authority from Common Investor Service Centre, Lucknow.
Sebi issues show cause notice to PB Fintech Chairperson Yashish Dahiya on $2 million investment
PB Fintech is pursuing legal action regarding the SCN and maintains that there will be no material impact on the company's financials or operations. The announcement was made after market hours and the stock ended at Rs 1,288 on the NSE, down by 5.35 or 0.41%.
Sebi recognised for innovative regulatory practices by The Asian Banker
Sebi has been given 'Best Conduct of Business Regulator' award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India. The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong.
Sebi slams ICICI’s canvassing for I-Sec delisting
Sebi reprimanded ICICI Bank for conducting an outreach programme to influence ICICI Securities shareholders during the voting on delisting. Sebi directed ICICI Bank to examine complaints and take action against violations.
Sebi warns ICICI Bank over outreach program for I-Sec delisting, calls action 'inappropriate'
In an administrative warning issued on Thursday, SEBI directed ICICI Bank to thoroughly examine the complaints received directly or through the SCORES portal for any violations of the guidelines of the outreach program by officials of the bank and take appropriate action against such officials.
Sebi launches Saa₹thi 2.0 mobile app on personal finance
The updated Saa₹thi app comes with an user-friendly interface. Its comprehensive tools are aimed at simplifying complex financial concepts. It has financial calculators, modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and the Online Dispute Resolution platform
Sebi's rumour verification rule and its implications
A new Sebi rule requires top listed companies to confirm, deny, or clarify market rumours reported in mainstream media, focusing on material impacts on share prices.
Were exit polls rigged to manipulate stock market? MP seeks Sebi investigation
As the yawning gap between exit poll predictions and the actual election results led to huge losses in the stock market on Tuesday, Trinamool Congress' Rajya Sabha MP Saket Gokhale has asked Sebi to investigate whether BJP and poll agencies made crores by manipulating the stock markets via pollsters.
Sebi asks Religare to file Burmans’ open offer plan
Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.
TMC MP asks Sebi to investigate stock market manipulation through exit polls
In a letter to Sebi chief Madhabi Puri Buch, TMC MP Saket Gokhale highlighted that while multiple exit polls predicted a landslide victory for the BJP, one exit poll reported "extremely strange" and "inflated seat numbers" for the party in several Indian states. This led to a sharp surge in the stock market on June 3.
Sebi relaxes timeline for material-change disclosures by FPIs
Markets regulator Sebi on Wednesday relaxed timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs). The regulator categorised material changes notified by FPIs into two groups.
Sebi mandates direct transfer of securities by clearing corporations to Demat accounts
The proposed change seeks to streamline operations and mitigate risk by directly crediting securities payouts to clients' Demat accounts, bypassing the broker's pool account.
Sebi proposes stricter norms for inclusion of derivative trading on individual stocks
Capital markets regulator Sebi on Monday proposed stricter norms for the entry of individual stocks in the derivatives segment. The new proposal would weed out stocks with consistently low turnover from the Futures & Option (F&O) segment of the bourses.
Sebi forms committee to review ownership, economic structure of clearing corporations
Sebi forms committee chaired by Usha Thorat to review ownership and economic structure of clearing corporations for resilience and neutrality.
India seeks firms make additional disclosures to fast track public offers, document shows
SEBI wants companies seeking to go public to provide 31 additional disclosures, including details on conflicts of interest. The regulator aims to expedite public offers by requiring more information from merchant bankers, as reported by Reuters.
Brokers' future role may reduce to just processing orders: Zerodha CEO Nithin Kamath
Nithin Kamath praised Sebi for its investor-friendly initiatives, highlighting two recent measures. The first mandates the direct transfer of securities by clearing corporations to demat accounts, and the second proposes increasing the threshold for the Basic Service Demat Account (BSDA) from Rs 2 lakh to Rs 10 lakh.
Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
A businessman named Rajat Bothra from Noida was duped of over Rs 9 crore by cyber thugs after joining a stock market trading group. Social media, especially WhatsApp, has become a breeding ground for scams.
Sebi launches beta version of settlement calculator
It also enables the applicant to select the appropriate options with respect to their past regulatory track record on the basis of actions of Sebi as well as the details of other ongoing proceedings, if any, as on date of filing the settlement application, the regulator said in a release.
Sebi warns ICICI Bank over outreach for ICICI Securities delisting
Despite the bank's claim that their outreach program was solely educational and aimed at maximising shareholder participation, SEBI found evidence to the contrary. Investor complaints reveal that some bank officials exceeded their mandate by making persistent calls and requesting screenshots of voting, suggesting a concerted effort to influence shareholder decisions.
Sebi issues financial disincentives guidelines for bourses, other MIIs for surveillance lapses
Sebi on Thursday came out with a framework on "financial disincentives" for stock exchanges and other market infrastructure institutions for their lapses in detecting abnormal or suspicious trading activities to safeguard the interest of retail investors.
New threshold for basic demat accounts
Sebi proposes raising the threshold for basic service demat accounts to ₹10 lakh from ₹2 lakh, aiming to ease the financial burden on retail investors by reducing the cost of maintaining securities in demat accounts.
Investors to get direct payout of securities now
Sebi mandates direct transfer of securities to demat accounts by clearing corporations to protect clients' assets. A Balakrishnan from Geojit Financial Services praises the move for enhancing security, ease of margin trading, auto pledge for funded stocks, effective from October 14, improving the margin trading facility.
Sebi bars TV anchor, technical analyst, others from markets; imposes penalties
Sebi bars former CNBC Awaaz anchor Pradeep Pandya and technical analyst Alpesh Furiya from securities market for 5 years, fines them ₹1 crore each.
SIP discontinuation aggravates in May amid regulatory changes, lower NFOs
The SIP stoppage ratio, which indicates how many SIPs were closed for every new account, reached a record 0.88 in May 2024 compared with the long term average of 0.51 according to the data from the Association of Mutual Funds in India (AMFI).
Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
Demat, MF A/cs won't be frozen for not filing nomination
Sebi announced it won't freeze demat accounts and mutual fund folios for existing investors without nominations. New investors must provide mandatory nominations, ensuring smoother processes and compliance in the market.
Sebi cracks the whip on finfluencers trying to manipulate IPOs
The move is meant to restrict the impact of finfluencers in the IPO market and help investors have an easier understanding of key features of an offer. All IPO-bound companies are mandated to make videos informing investors not to rely on finfluencers or financial influencers circulating misinformation on social media platforms.
Sebi launches beta version of calculator to arrive at settlement amount
Capital markets regulator Sebi on Thursday launched a beta version of the settlement calculator to simplify the process of arriving at the indicative settlement amount, and provide more transparency in the system.
Now, relief from full disclosure won't be easy for pooled FPIs
This was communicated by the Securities & Exchange Board of India (Sebi) to custodians of offshore funds, two persons aware of the regulatory changes told ET. Custodians are banks and non-bank institutions holding cash and securities on behalf of FPIs.
Internet-based trading: Sebi reduces approval time to 7 days for brokers
Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. The move is aimed at facilitating ease of doing business.
Exchanges warn investors of fake trading apps, impostors
Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.
Work overnight for FPI tax papers: Sebi tells big four firms
At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory 'confirmation certificate' overnight so that offshore funds managers can repatriate the money from the sale of stocks here to other international markets the very next day.
A market rumour will now no longer remain just a rumour under latest SEBI order
In my article on October 03, 2023, titled “Formation of Industry Standards Forum by SEBI - a pragmatic era in regulation implementation”, I had mentioned that SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation.
Sebi amends rule to facilitate ease of doing biz for cos planning IPOs
Rules mandate at least 20% of promoters’ shares to be locked in for a certain period of time post-listing after an IPO. This relaxation will help new-age technology companies as founders’ shareholding comes down usually after an IPO. Non-promoter shareholders excluding individuals holding more than 5% of the post-offer equity share capital can contribute towards the shortfall, Sebi said.
Sebi issues framework for verification of market rumours by listed entities
The listed entities will now have to follow the industry standards to ensure compliance. Further, the exchanges are advised to bring the contents of this circular to the notice of companies and ensure its compliance. Further, in another circular Sebi has also revamped the method for calculating the market capitalisation of listed companies.
Sebi allows privately placed InvITs to issue subordinate units
Capital markets regulator Sebi on Tuesday notified a framework for issuance of subordinate units by privately placed infrastructure investment trusts (InvITs).
Sebi mulls raising limit for basic service demat account to Rs 10 lakh
Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market.
Sebi puts in place SOP for handling of commodity exchange outage, extension of trading hours
Sebi on Monday came out with a standard operating procedure (SOP) asking stock exchanges having commodity derivatives segment to inform about trading disruptions within 15 minutes of such occurrences and extending the trading time by 30 minutes in certain outage conditions.
Sebi cracks down on gaming apps involved in virtual trading
The Securities and Exchange Board of India (Sebi) has asked exchanges and depositories not to share real-time price data with third parties in a move aimed at quashing such activities.
Sebi changes rule to determine m-cap of listed firms; 6-month average to be used now
Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time (six months) would more accurately reflect the market size of the listed entity and consequently the ranking, vis-a-vis its peers.
Sebi moots relaxation in valuation norms for alternative investment fund
Capital markets regulator Sebi on Thursday proposed providing relaxation on the framework pertaining to valuation of investment portfolio of alternative investment fund (AIF).
Religare moves HC over Sebi 'inaction'
Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed report on the actions taken by the capital markets regulator.
Dabur's Burmans fire fresh salvo at Religare's Saluja
This is the second time the Burman family, the largest shareholders of Religare, has accused Saluja of insider trading violations. In September, the Burmans accused Saluja of insider trading ahead of the open offer announcement.
Beyond public market: The growing appeal of alternatives in India
The asset management industry in India has witnessed substantial growth, particularly in alternatives like AIFs, InvITs, and REITs. Private market alternatives offer access to previously unavailable asset classes, but investors should carefully assess asset managers for rigorous evaluation processes and proven track records.
Sebi changes rule for calculating market cap, six-month average to be used now
The regulator said instead of using the market capitalisation of a single day which is currently March 31, listed companies will now have to use the average market capitalisation for a six- month period.
Sebi tweaks framework for clearing corps on liquid assets; issues prudential norms for exposure
May 30 (PTI) Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs) and put in place prudential norms for exposure of such entities in a bid to strengthen the risk management framework.
Need to think about capital markets reforms 2.0 to meet needs of growing economy: CEA
Chief Economic Adviser V Anantha Nageswaran called for capital market reforms 2.0 at the CII Annual Business Summit, emphasizing India's upcoming inclusion in JP Morgan and Bloomberg bond indices and the importance of managing foreign flows.
Wipe out! Sebi-hit SME superstar stock is now down 88% from peak in just 8 months
Varanium Cloud, entangled in Sebi's scrutiny, experienced a drastic decline in its valuation from its peak in October last year. The stock, which hit a 52-week high of 239.5 in October 2023, plummeted to Rs 29.3 in the latest trade, marking a staggering 87% decline.
LIC gets more time for 10% public holding
Earlier, LIC had got a one-time exemption to meet a 25% minimum public shareholding within 10 years by May 2032 of its listing in May 2022. The government divested the stake through an offer for sale (OFS) and raised ₹21,000 crore by selling a 3.5% stake then.
Paytm shares jump another 5% despite denying talks with Adani
Paytm shares rose 5% amid reports of deal talks between Paytm CEO and billionaire. Shares hit upper circuit limit despite company's denial of discussions.
NSE to suspend trading in Brightcom Group shares, moves it to Z category
A circular issued by NSE stated that trading in securities of Brightcom Group will remain suspended until the company complies with the above regulation. After 15 days of suspension, trading in the securities of non-compliant companies would be allowed on a trade-for-trade basis in the Z category on the first trading day of every week for six months.
Big Daddy LIC manages money nearly double the size of Pakistan's economy
LIC assets have exceeded Rs 50 lakh crore, marking a significant milestone and overshadowing Pakistan's GDP. In FY24, LIC reported a profit of Rs 40,676 crore and total premium income of Rs 4,75,070 crore. The company, with a market share of nearly 59% in the Indian life insurance sector, is now eyeing entry into the health insurance domain. Its market value has surged by nearly 52% in the past six months, making it the seventh-largest stock by market capitalization.
Need to reconsider sachetisation of F&O trade to safeguard household savings: CEA
"When we take pride in the fact that we have the world's largest trading volume in futures and options (F&O), we need to ask ourselves is that a sign of progress or a sign of concern," the CEA said.
Why is the stock market open today? Timing, what to expect and key things to know
Equity cash and derivative markets will hold special trading sessions on Saturday, marking the third occurrence of such Saturday sessions this year. Previous instances took place in January and March.
Pune brothers duped of over Rs 2 crore via WhatsApp in an online trading scam: Report
A 53-year-old man from Pune and his brother fell victim to an online trading scam, resulting in a loss of Rs 2.45 crore. The scam initiated through the instant messaging platform WhatsApp, where the victims were enticed with promises of substantial profits from online trading.
M&M shares jump 4% after Q4 results; m-cap climbs Rs 8,742 crore
The company added Rs 37,159.36 crore taking its market capitalisation (mcap) to Rs 6,26,048.27 crore.
LIC shares rally over 6 pc; mcap climbs Rs 37,159 cr
Shares of Life Insurance Corporation (LIC) on Wednesday jumped more than 6 per cent after the firm said Sebi has granted an additional 3-year time till May 16, 2027, to comply with the 10 per cent public shareholding norm.
LIC granted 3-year time to achieve 10% public shareholding
LIC gets 3-year extension from Sebi to comply with minimum public shareholding norms, delaying government's possible offer for sale. Investors relieved as stock jumps 3%. Sebi rules mandate 25% public float, with new companies given 3 years to comply. PSU insurer's majority stake owned by Indian government. Finance Ministry grants PSU insurer exemption from 25% MPS norms till 2032.
Direct payout of securities: Zerodha's Nithin Kamath says Sebi's proposal simplifies ops
Sebi, in a consultation paper, has proposed mandatory direct payout of securities to demat accounts to ensure that securities of the clients are not vulnerable to misuse.
Unchecked explosion in retail F&O trading may dent household finances, warns Nirmala Sitharaman
The Finance Minister called on NSE, BSE and Sebi to brainstorm together and chalk out robust compliances and regulatory standards to protect investors' interests. BSE and NSE were asked to mitigate systemic risk and ensure market stability. Sithraman said this in at a BSE event in Mumbai.
BSE shares fall 3% as provision for SEBI regulatory fees mars Q4 profitability
BSE shares dipped 3.3% to Rs 2,726 on NSE as Q4 profit was affected by SEBI regulatory fee provision. Consolidated net profit rose marginally to Rs 106.9 crore despite the provision.
Sebi probing charges of 'coerced' voting to delist broking arm of ICICI
"The RMs would have been asked by some senior management personnel of the bank to woo the subsidiary's shareholders to vote in favour of the delisting proposal," said a person familiar with the regulator's thinking. "Sebi is looking into the allegations. Call data records of people involved in this matter will also be examined." Emails sent to ICICI Bank and Sebi remained unanswered.
Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees
In its notification dated May 6, Sebi said that the new framework would be also applicable to those employees who have resigned or retired from the services or have completed the tenure of deputation. The new rules have been made applicable from the same date.
Sebi to hire 49 officers; invites application
Sebi initiated the hiring process for 49 Officer Grade A (Assistant Manager) positions in various departments to enhance regulatory functions.
Are concerns over F&O retail activity overblown?
Options turnover in the total F&O turnover has been calculated on the basis of the premium and not the strike value (which is used by NSE and BSE to calculate their turnover officially).
Sebi's new guidelines on market rumour to help in fair pricing of M&A, other transactions: Experts
Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday.
PSU railway stocks rally up to 8%. What’s the good news?
Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.
Sebi cuts lot size of private-placed InvITs to Rs 25 lakh
"The proposal will help in increasing the liquidity of privately placed InvIT units by allowing a broader base of investors to participate in the market and promote diversification of investment portfolios, enabling investors to better manage risk," Sebi said in a discussion paper on Thursday.
Sebi to revamp norms to ensure fairness for AMCs
The regulator said such FPIs with NRIs and OCIs as clients should be based out of International Financial Services Centres (IFSCs) in India and regulated by the International Financial Services Centres Authority (IFSCA).
Sebi proposes to cut trading lot size of privately placed InvITs to boost investors' participation
Markets regulator Sebi on Thursday proposed to drastically reduce the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors' participation and increase liquidity of such investment vehicles.
Investors may soon get shares directly, bypassing brokers
To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client's account mandatory.
Sebi tightens front-running regulations for AMCs to check market abuse
Asset Management Companies are required to put in place a structured institutional mechanism for identification and deterrence of potential market abuse. While Sebi will specify the broad framework of the institutional mechanism, industry body Association of Mutual Funds in India (Amfi) will have to detail on standards for such an institutional mechanism.
Demat and mutual fund accounts won't be frozen for not filing nomination: Sebi
In a circular, the markets regulator said, based on representations received from participants, for ease of compliance and investor convenience, non-submission of 'choice of nomination' shall not result in the freezing of demat accounts as well as MF folios. In a circular dated December 27, 2023, Sebi extended the deadline for submitting "choice of nomination" for demat accounts and mutual fund folios to June 30, 2024. Accounts and folios without nomination details by this date will be frozen for debits.
Why did SEBI ban news anchor Pradeep Pandya from securities market? What is the controversy?
"Pradeep Pandya, while serving as an anchor for CNBC Awaaz, shared confidential information regarding upcoming stock recommendations with Alpesh Furiya and vice-versa," Sebi said in its final 55-page order. Alpesh Furiya, capitalising on this privileged information, executed trades through his own accounts and those of related entities, positioning himself to profit before the recommendations were publicly aired, it added.
Sebi rejects NSE proposal to extend trading hours as brokers protest
Sebi rejects NSE's proposal to extend trading hours for index derivatives. NSE CEO indicates shelving due to lack of broker feedback.
Ola Electric gets Sebi nod for public offer
Ola Electric, set for a $6 billion IPO, plans layoffs amid IPO filings by Swiggy and FirstCry.
Sebi proposes easing disclosure rules for non-convertible securities issuance
To promote ease of doing business for issuance of non-convertible securities, Sebi on Thursday proposed removing the requirement to disclose the PAN and personal address of issuers' promoters in the offer document along with other relaxations in disclosure guidelines.
Weekend trouble! Third working Saturday for stock market traders in 2024 this week
Opponents of NSE's plan to extend trading hours in derivatives are now facing the reality of three working Saturdays in 2024. NSE and BSE are conducting a test session to ensure market functionality in case of a disaster.
A9 Finsight, Vivriti Asset among top 11 AIF Funds that rose 10-20% in April 2024
A9 Finsight and Vivriti Asset were top performers among AIF Funds in April 2024, outperforming the Nifty50. Several other funds, including Income Builder Fund, also showed impressive growth.
BSE shares hit by Sebi's regulatory fee move
BSE said on Friday that Sebi has directed the exchange to pay a regulatory fee based on annual turnover, taking into account the 'notional value' of the options contracts. BSE has been paying this fee considering the value of the options premium. The fee based on premium value is lower than that taking into account the notional value.
Explained: Why Sebi handed over Rs 165 crore bill to BSE and how it impacts investors
Based on the annual turnover considering notional value of option contracts, the total differential Sebi regulatory fees from FY 2006-07 to FY 2022-23 would be approximately Rs 68.64 crore plus GST, which includes interest of Rs 30.34 crore.
Plea in SC seeks Centre, SEBI to submit report in Jun 4 stock market crash
A plea filed in the Supreme Court calls for a detailed report on the stock market crash following the election results, with losses reaching billions. The plea seeks action to strengthen regulations and protect investors, citing concerns over market volatility and lack of change despite previous directives.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Doing nothing could be the riskiest thing of all
The cost of “doing nothing” in markets can indeed be substantial, but that pales in comparison to the cost of complacency when the margin of safety erodes. And when a large section of the market participants adapt to surviving in a low margin of safety environment, wild swings when least expected become the norm.
UPL to file DRHP shortly for raising up to $500 million
The company has already secured its board's approval for the issue, which may hit the market by early third quarter of this fiscal, UPL Ltd CFO Anand Vora said at the company's post-Q4 earnings announcement media briefing
ICICI Securities questions the maintainability of the class action contesting the delisting and merger
The case pertains to ICICI Securities' announcement last year, which allowed delisting and merger with ICICI Bank, with 67 shares of ICICI Bank being offered for every 100 shares of ICICI Securities.
Sebi finds Adani offshore investors in disclosure rules violation: Report
SEBI found offshore funds breaching Adani investment rules, seeking settlement with penalty. Regulator demanded group level disclosures. Adani denies 'acting in concert'. No response to email requests.
Sebi gives nod to ICRA's arm to provide ESG ratings
Capital markets regulator Sebi has given approval to ICRA's subsidiary Pragati Development Consulting Services Ltd (PDCSL) to provide environmental, social, and governance (ESG) ratings.
MCX shares drop 6% after Sebi’s regulatory fee directive
MCX received a letter from Sebi asking the exchange to pay regulatory fees on option basis notional turnover and not premium turnover. The market also instructed the exchange to pay the differential regulatory fee for past periods with an applicable interest of 15% per annum for every delayed month.
Sebi rules on nomination in mutual funds, demat accounts. 10 things to know
Sebi has announced simplification of compliance for investors by lifting freeze on demat accounts and mutual fund folios due to non-submission of nomination.
Demat POA misuse prevention: Stockbrokers implement a new authorisation method for demat debit and pledge, should you opt for it?
Demat account: Zerodha, FYERS and other stock brokers have enabled DDPI mechanism for their customers. This new mechanism replaces Power of Attorney (PoA) mechanism, however opting for it is optional for you. Read here to know whether you should stick with PoA, e-DIS (OTP and TPIN) or use the new DDPI method to authorise demat account transactions.
Sebi mulls framework for price discovery of investment cos trading below book value
Sebi's proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.
Sebi to provide flexibility to Venture Capital Funds to deal with unliquidated investments
Markets regulator Sebi on Tuesday decided to provide flexibility to Venture Capital Funds (VCFs) to deal with unliquidated investments of their schemes beyond the expiry of tenure.
Sebi asks BSE to pay regulatory fee on options contract
BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay differential regulatory fee for the past periods with applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.
