Merchant Banker

Finding lapses in maintaining net worth and due diligence failures in the Jayant Infratech IPO, SEBI barred the merchant banker for 21 days. The regulator termed the violations substantive, citing weak verification and disclosure practices.

Explained: Why a merchant banker's 'novel' way of raising its networth didn't fly with SEBI

A merchant banker tried to use an accounting workaround to meet capital adequacy norms, and ran foul of the regulations.

MC Exclusive: More than 100 merchant bankers could lose SEBI licence

A SEBI consultation paper released last month proposed many new rules for merchant bankers, including one related to cancelling their licence if they do not earn a certain quantum of income from core merchant banking activities.

SEBI cancels investment banking licence of Karvy Investor Services

The regulator found that the registered intermediary did not have adequate infrastructure to discharge its duties and various other violations

Indian Bank to appoint merchant banker for stake dilution

"Presently, government holding in the bank is 82 per cent which has to be brought down to 75 per cent as per SEBI norms by March 2019", MD and CEO of Indian Bank Kishor Kharat said.

CIL to appoint merchant banker for mine acquisitions overseas

State-owned CIL is looking at appointing a merchant banker to assist it in acquiring assets overseas so as to enhance the nation's energy security.

BSE plans to file IPO papers with Sebi in July

BSE, Asia's oldest stock exchange, plans to file draft papers with capital markets regulator Sebi to raise Rs 800 crore through its much-awaited initial public offer (IPO).

Narayani Steels plans IPO to raise Rs 11.52 crore

The company proposes to make a fresh issue of 36 lakh equity shares at a fixed price of Rs 32 per share including a premium of Rs 22 per share (face value of Rs 10 per share).

NCML Industries withdraws IPO on lukewarm response

"The company and selling shareholders decided in their board meeting held on January 8, 2015 to withdraw the offer for sale with immediate effect keeping in view the lukewarm response," said the company in its filing.

Sebi seeks clarification on Godrej Properties' rights issue

Securities and Exchange Board of India (Sebi) has sought clarification from the merchant banker of Godrej Properties on the company's proposed Rs 700 crore rights issue.

Draft Offer Documents: Grounds For Rejection

Does your capital structure involve circular transactions to build up networth? Have the auditors qualified your audit report? Have you willfully concealed any litigation?

Sebi restrains D&A Fin from taking up new public offers

Sebi today restrained merchant banker D&A Financial Services and its director Dinesh Kaushik from taking up new assignments or be involved in new public offers till further orders due to non-compliance with the disclosure norms in Brooks Laboratories' IPO prospectus.

New IPO form will remove irrelevant info: Prime Database

Prithvi Haldea, CMD, Prime Database said, the new IPO form will remove all the irrelevant information. It will ensure that investors get access to all the critical information which otherwise wasn't available.