The Centre has started a search process to find the next chairman of the Securities and Exchange Board of India (Sebi). Incumbent Sebi chief Ajay Tyagi’s three-year term ends in March.
Sebi issues summons to investor Jhunjhunwala, some family members and Aptech directors.
Sebi has urged SC to allow IHH Healthcare to proceed with an open offer for Fortis Healthcare.
Brokers taking collateral may only get to create a pledge on shares with customer consent.
Monday’s extension irked corporate governance experts.
RIL is among 500 listed cos that are yet to comply with Sebi rule on splitting chairperson & MD role.
HDFC Bank, IndusInd, ICICI and Bajaj Fin had sought return of shares pledged by Karvy.
SLB mechanism, introduced about a decade ago, had permitted FPIs to sell borrowed shares.
The lender, which is planning to raise as much as $2 billion via share sale, wants to keep options open as it negotiates with prospective investors.
Sebi directed LIC, SBI & BoB to dilute their stakes to below 10% in UTI AMC by Dec next year.
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