BUSINESS
Sebi working group proposes broader price band, higher order size for block deals
Existing rules for block deals were framed in 2017 and required tweaks due to increase in market size and other developments. Sebi had formed a working group which has shared its recommendations.
BUSINESS
Gensol Engineering seeks bids to lease its 4,000-car EV fleet for a monthly rental
After a Sebi order in April alleging fund diversion and other issues, Gensol Engineering was dragged to NCLT by lenders, and the company was admitted for insolvency on June 13.
INDIA
Jane Street seeks more time to respond to Sebi interim order
Jane Street Group had deposited the Rs 4843.5 crore alleged illegal gain and sought lifting of trading ban, which was allowed by Sebi with conditions
BUSINESS
Revamp of IPO regulations coming, as Sebi sets up panel to review ICDR regulations
Sebi is considering overhauling regulations related to Initial Public Offerings (IPOs), with the intent to make regulations easier to understand and comply with, remove ambiguities, and address loopholes that may be misused by companies or promoters.
MARKETS
Unlisted trading platforms and pre-IPO hype are risks to investors, said petition seeking Sebi action
The PIL had said, if left unchecked, the growth of such quasi-exchanges can precipitate systemic risks, investor losses and erosion of market confidence. These platforms also encourage circumvention of IPO norms, jeopardizing the credibility of Indian capital markets.
BUSINESS
SEBI may allow IPO of big companies with less stake dilution
Sebi had received representation from industry to tweak the rules as high-stake sale issue sometimes comes as a barrier in listing plans.
BUSINESS
NSDL gets another extension to list its IPO
Market sources indicate that, issue of valuation can be one of the issues, which led to the delay in listing.
BUSINESS
Finance Ministry backs equity status for REITs, InvITs; Decision likely in SEBI's next board meet
SEBI has also suggested increasing the investment limits for MFs in REITs and InvITs, from 10 percent of the (equity and hybrid) scheme’s net value (NAV), to 20 percent, which could be approved in its next meeting as well.
BUSINESS
Brokers uneasy with ‘Fit and Proper’ norms, raise concerns with Sebi
Despite the notification issued in 2021, there are hardly any instances where Sebi has invoked these amended ‘Fit and Proper’ provisions for disqualification of an intermediary.
BUSINESS
SEBI nod for Jane Street’s trading comeback still awaited
One week after compliance with SEBI’s escrow directive, exchanges await formal go-ahead amid concerns over surveillance of manipulative patterns.
BUSINESS
SEBI to issue draft circular on MF Scheme simplification soon, say sources
The purpose of the simplification is to make the investors understand the product or the scheme they are investing.
BUSINESS
SAT dismisses appeal to restrain the IPO of Smartworks Coworking: ‘Find no good reason’
An NGO had filed a plea in SAT seeking restraining the IPO process, alleging that some disclosures were not made, which company and promoters had denied.
BUSINESS
NSDL Payments Bank eyes 'unique capital markets' positioning post 'scheduled bank' status
NSDL Payments Bank plans to collaborate with broking firms to offer a combination of a bank account, demat account and a trading account all under one roof
INDIA
Smartworks Coworking IPO: SAT outcome on Wednesday
An NGO had filed a plea before the tribunal asking that the IPO process be restrained, arguing some key disclosures had not been made to potential investors, Smartworks Coworking denied the allegations.
BUSINESS
Back in the game: Jane Street deposits Rs 4,843.5 crore as directed by Sebi, can trade again
Sebi had directed impounding of Rs 4843.5 crore in an interim order on July 3 and restrained the Jane Street Group from trading in markets. But if the alleged illegal gain was deposited in a separate account with lien marked in favour of Sebi, Jane Street can resume the trading.
BUSINESS
From spying on wife to fishing for company intel, Sebi battles bizarre RTI requests
Sampling the queries revealed one curious case where a husband used the RTI route to seek details of his wife's financial portfolio, while another RTI asked for guidance on lodging a corruption case a Sebi official.
BUSINESS
Merchant bankers are gearing up for a ‘beauty parade’ in anticipation of NSE’s IPO
Merchant bankers act as a guide to companies to file the IPO papers with Sebi. Acting as a merchant banker for a major issue has reputational advantage, hence most bankers are keen to be associated with the process.
BUSINESS
MSEI Exchange to raise Rs 1000 crore; venture funds, brokers, AIFs to invest
Industry sources indicate that Peak XV Venture Partners Investments VII may invest around Rs 100 crores, while Monarch Networth is likely to invest around Rs 40 crores.
BUSINESS
Criminal prosecution against Jane Street? Sebi Act empowers watchdog to seek fine and imprisonment of up to 10 years
Some market participants are suggesting stringent action against proprietary trading firm Jane Street, including criminal prosecution for the alleged ‘unlawful gains’ it made between January 2023 and March 2025. Legal experts believe the watchdog has such powers under the Sebi Act, though it has not been used much.
BUSINESS
Sebi may take steps to revive trading in agri-commodity derivatives
Frequent ban on the trading of agri-commodities have dampened the mood of exchanges as well as traders. Now, Sebi is trying to understand the concerns and address them.
BUSINESS
Sebi likely to probe if Jane Street violated index position limits in F&O segment
The capital market regulator has alleged that the manipulation by Jane Street Group is violation of Sebi Act and prohibition of fraudulent and unfair trading practices regulations.
BUSINESS
SEBI planning campaign to discourage people who don’t understand F&O: Pandey
The SEBI Chief also emphasised the importance of responsible investing and admitted that more needed to be done vis a vis cyber fraud
BUSINESS
Market manipulation will not be tolerated: SEBI chairman Tuhin Kanta Pandey
SEBI Chairman said that the surveillance are very strong and regulator is keeping a close watch, referring to incidents like Jane Street
BUSINESS
'Better enforcement, not new rules': SEBI sources on regulatory reaction in Jane Street Case
“Better enforcement of existing regulations can in fact pave the way for optimal regulation. On the flip side, more regulations cannot make up for poor enforcement,” said a SEBI source.
