BUSINESS
Sebi proposes less stake dilution, more timeline for public shareholding compliance for large IPOs
The proposal was discussed first with Sebi's primary market advisory commitee . The proposal is part of Ease of Doing Business and encouraging large copmapnies to list on domestic exchanges.
BUSINESS
Sebi panel on Takeover Regulations reviews definition of control, no tweaks to open offer and creeping acquisition threshold
The panel has deliberated on issues related to acquisition of shares and takeovers based on judicial verdicts and instances in the corporate world, leading to a 600-page draft report which had been submitted some time ago.
BUSINESS
Mutual funds are pushing for non-disclosure of block deals as Sebi reviews framework
Sebi is still reviewing the block deal framework and will examine the working group's suggestions before it takes a final call in the matter.
BUSINESS
More market offenders settled with Sebi last year, as tighter enforcement resulted in nearly three applications a day
Sebi's annual report has shown that on an average three settlement applications were filed last year, almost double compared to FY24, as enforcement and investigation by the regulator improved, making it difficult for offenders to contest charges.
INDIA
Sebi proposes sweeping regulatory changes, shares its intent in annual report
Sebi proposals span IPO disclosures, trading safeguards, commodity derivatives, FPIs, mutual funds, REITs, InvITs and others
BUSINESS
Sebi buying the cool tool for faster investigations
Sebi uses various tech-based solutions to analyse the trading patterns and data. Based on such inputs, it builds a case against manipulators.
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.
