NRIs are currently allowed to invest only 5 per cent in a listed company.
However, a source close to Tiger Global said the US fund is likely to continue as a shareholder in the exchange.
The biggest conundrum we face is what is on the front pages of the pink press everyday.
Burger King's offer comprises fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 6 crore equity shares by QSR Asia.
“We have no hesitation in stating that Sebi as a regulator in the instant case has not performed its duties and has kept the complaint pending for more than six years, which speaks volumes by itself. The tribunal fails to fathom why the complaint could not have been decided unless Sebi officials had a vested interest in not deciding the matter," SAT had said.
In November, the Securities Appellate Tribunal (SAT) has set aside a Sebi order that banned Rajan from the capital markets for alleged insider trading.
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.
The Secondary Market Advisory Committee is chaired by IIM Ahmedabad Professor and former whole-time member of Sebi, Jayanth R Varma, the latest update with the Securities and Exchange Board of India (Sebi) showed.
The panel proposed changes to strengthen the monitoring related party transactions.
In addition, clearing corporations have been asked to prescribe floor values of initial margin as well as margin period of risk (MPOR) depending upon their categories.
Penalties levied by the regulator on the entities are in the range of Rs 2 lakh-Rs 20 lakh, for flouting market norms.
The company is in compliance with the Kotak committee recommendations and SEBI’s revised Listing Obligations and Disclosure Regulations.
The regulator is expected to come out with the new margining system this week.
Vista Capital officials could not be reached for their comment.
Sebi has urged SC to allow IHH Healthcare to proceed with an open offer for Fortis Healthcare.
Sebi found PACL to have collected Rs 60,000 crore through illegal collective investment schemes .
Earlier this month, Infosys put out the results of its internal investigation -- clearing the executives of all wrong-doing. The whistleblower has ostensibly mailed the US Securities and Exchange Commission with evidence. That investigation is still underway.
The scrip declined 1.37 per cent to Rs 773.80 during the day on the BSE
Market regulator Sebi is considering the use of artificial intelligence and other advanced technology to curb market manipulation, its chairman Ajay Tyagi said on Thursday.Sebi considering use of AI to curb market manipulation
The official said many companies are interested in listing their equity shares in foreign countries.
Here’s breaking down the pre-market actions.
Sinha said there are too many members at the Financial Stability and Development Council (FSDC), headed by the finance minister, which is preventing decisions to be taken.
They have also been barred from capital markets, Sebi said in an order.
Roy was sent to the Tihar Jail by the apex court on March 4, 2014 and came out on parole after spending over two years in prison on May 6, 2016 to perform the last rites of his mother Chhabi Roy. He has been out of prison since then.
The orders follow a probe conducted by the regulator between April 2014 and September 2015.
The Securities and Exchange Board of India said bids can be submitted by February 10, 2020.
New India Assurance paid Rs 62.68 lakh to settle the case through settlement procedure.
The amount has to be paid along with a 10 per cent interest from August 1, 2019.
The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day.
TeamLease Services, Mastek and Tata Coffee are some of the companies which will report Q3 results today.
The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company. In the wake of the feud, arbitration proceedings are also going overseas between the two promoters' sides.
According to a Sebi circular, exchanges can impose a fine of Rs 50,000 per instance for non-compliance with respect to obtaining in-principle approval of bourses before issuance of securities.
The markets regulator said it has simplified the rights issue process to make it more efficient and effective.
The shares of the company are proposed to be listed on the BSE and the NSE.
They added that margins to trade could consequently increase.
Registered intermediaries shall continuously scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.
The company, an integrated manufacturer of long steel products in the country, is the first one to get a clearance this year from the regulator to float an IPO.
Sahara chairman Subrata Roy on Friday claimed in the Supreme Court that he had cleared most of the dues demanded by the market regulator to pay public depositors in his group companies. Sebi informed the court that he had so far paid only a part of the money due, including interest.
DCB Bank reported an increase of 12.31 per cent in its net profit at Rs 96.70 crore for December quarter.
Sebi in a press release said that the committee headed by retired Justice R M Lodha received complaints from investors of PACL that they are receiving emails from email@example.com requesting them to file application forms for claiming refund.
Conservative hybrid funds invest 75-90 per cent of the corpus in debt instruments and 10-25 per cent of the corpus in equity or stocks.
It would lead to an increase in the impact cost or slippages.
Sebi has suggested mechanisms for charging fees from clients and proposed to raise the net worth requirement for IAs.
Sebi has allowed listed REIT and InvIT to make a rights issue of units.
The first submission should be made by the listed entities for the half-year ended March 31, 2020.
The exemption would be applicable where the Indian government has entered into agreements or treaties with overseas governments or there is an order.
The regulator has levied a fine of Rs 6 lakh on 25FPS Media Private Limited and Rs 3 lakh on Zee Media Corporation Ltd (ZMCL), Securities and Exchange Board of India (Sebi) said in an order.
The provision will pave the way for launching options contracts in commodities, says Sanjit Prasad, ICEX.
In 2015, Sebi had received complaints alleging various irregularities in respect of co-location facility provided by NSE.
Initial margins that traders must pay exchanges include SPAN and Exposure.
Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.
D-St will not react to any stimulus, which it may or may not be expecting from Budget.
Sebi ordered inspection in December 2006 after it received certain complaints against Jagruti Securities regarding non-payment of funds and securities to the clients.
Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.
The company and its directors had mobilised funds to the tune of over Rs 2,686 crore by running unregistered collective investment schemes between 2013 and 2014.
Sebi said that it has been declared a defaulter and expelled from the memberships of BSE.
NCDEX said that the Commodity Transaction Tax (CTT) levied on processed agri commodities has increased impact cost of market participants.
Regulator Sebi has barred Nishat Shailesh Gupte, a former official of Diageo Plc
Monday’s extension irked corporate governance experts.
While detailed discussions on the proposal have taken place, a formal decision is awaited, sources said.
Top 500 entities were earlier required to separate chairperson & MD post from April 1, 2020.
Zeva Astras, a tech-driven wealth management startup, has received funding worth $80 million from a US-based venture capitalist.
PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected more than Rs 60,000 crore through illegal collective investment schemes (CIS) over a period of 18 years.
Govt needs to figure out sources of revenue or allow a higher fiscal deficit.
The distressed asset fund will also receive a guarantee from the Credit Guarantee Fund Trust for Micro and Small Enterprises, which was set up by the government and Sidbi a few years ago.
Avenue Supermarts promoter Damani has to pare his 80.21% stake to comply with the SEBI’s minimum public shareholding rule for listed companies. This stipulates that promoters cannot own more than 75%.
Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance.
Alleged leaks took place during Ramkrishna’s tenure; bourse said to have filed consent plea.
Patanjali group will register a joint turnover of Rs 25,000 crore in the current fiscal ending March 2020, in which around Rs 12,000 crore would be contributed by Patanjali group firms and Rs 13,000 crore will come from Ruchi Soya, which was acquired recently by Patanjali.
Brokers taking collateral may only get to create a pledge on shares with customer consent.
SBI, earlier this month, announced that it is looking to sell 50 lakh shares representing 1.01 per cent stake in the NSE as part of its capital raising exercise. Currently, State Bank of India (SBI) holds 5.19 per cent stake in the exchange. The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares.
Under the framework, any recognised entity or entities desirous of operating in IFSC as an investment adviser (IA), may form a company or LLP to provide investment advisory services.
The firm was formerly known as Vishesh Capital.
If you have been reading any investing-related news recently, you would probably guess — correctly — that this effort of the regulator is amongst the fallout of the Karvy affair.
Old Bridge Capital’s alternate investment fund was one of the investors in Sterling and Wilson IPO.
The issue is likely to open for anchor investors on January 30.
Mutual funds, AIFs may need to report corporate governance issues in firms they invest in.
As per Sebi, the number of folios with 44 fund houses rose to 8.71 crore at the end of December 2019 from 8.03 crore at the end of December 2018
Sebi had issued a show cause notice in September 2017 to Adamina Traders alleging that the firm manipulated Secunderabad Healthcare shares.
Sebi has asked all listed companies to appoint separate individuals to the posts of chairman and managing director by April 1, 2020. Also, the chairman, who will have a non-executive role, should not in any way be related to the managing director or the CEO. This rule, however, does not apply to companies with no identifiable promoter.
The preferential allotment would result in Allcargo acquiring 10.91 per cent stake in Gati.
The decision has been taken based on discussions with stock exchanges, clearing corporations and depositories along with recommendations of Sebi's Technical Advisory Committee.
On Sebi order, stock exchanges have asked stock brokers to compulsorily collect the entire initial margin before a trade that is not carried forward to the next day. Here's how Sebi’s new rule will hurt brokers.How Sebi’s new rule on upfront margins will hurt brokers
Sebi said at the time of withdrawal, the CRA should assign a rating to such instrument and issue a press release mentioning the reason for withdrawal of rating.
SEBI has permitted trading in composite and sectoral indices.
IndiGrid is on track to achieve asset under management of Rs 18,000 crore over the next two years as it acquires projects for which it has signed framework agreement with Sterlite Power. It will acquire four of these assets in the next 6-18 months.
The issue is likely to open for subscription before the end of FY20.
It is, however, yet unclear if the company will bring in external investors to back the fund along side it, or the stage in which it will invest in potential companies.
Allcargo said that the firm is well on track to complete the process to acquire 44.5 per cent stake in Gati.
The proposed transaction involves the acquisition of indirect control of RJIPL by Jarvis, the Competition Commission of India (CCI) noted in a combination notice filed with it. Tower Infrastructure Trust, an InvIT, currently holds 51 per cent of the outstanding equity share capital of RJIPL. Current Sponsor of the InvIT is RIIHL.
The regulator has imposed fine in the range of Rs 5 to Rs 15 lakh each on the individuals for violating provisions of Prohibition of Fraudulent and Unfair Trade Practices.
The proposals will be placed before its board for approval on February 14.
The company had earlier received Sebi nod for the IPO in 2018 as well, which had expired.
Prior to her promotion as executive director, Rayudu was in the legal affairs department in Sebi.
The markets watchdog, which has been taking several pro-staff initiatives, has now invited "Expression of Interest from reputed, well established entities or agencies having hotels or resorts at tourist destinations in India to provide holiday home facility to Sebi".
Axis ESG fund is a bit different from other ESG funds as it will invest up to 30% of its corpus in foreign stocks. The Axis ESG NFO fund closes on February 5.
The regulator during a probe between May-June 2011, noted that Coromandel, after a meeting with the representatives of Sabero Organics, informed the exchanges about the acquisition of the latter by it.
The circular makes five changes to the law governing ‘investment advisors’.
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