The issue was discussed in the Sebi-appointed Primary Market Advisory Committe (PMAC).
Currently, rights issue process takes 55-58 days from the time company decides to launch the issue till listing.
Let us check out the factors that may bring in all action in Wednesday’s market.
MFs won’t be allowed to take positions in sensitive commodities like agri products.
HSBC has maintained buy rating on PI Industries with a target price of Rs 1,250.
The mutual fund schemes cannot invest in physical goods except in ‘gold’ through ETFs.
In the Essel and IL&FS cases, mutual funds have sought leniency to ensure the net asset values of their units don’t plunge.
Sebi has been probing alleged lapses in high-frequency trading offered through NSE's co-location facility.
IRDAI said that with the regulatory sandbox approach, fintechs “will have a safe and conducive space to experiment and where the consequences of failure can be contained.”
Sebi feels that fintech firms should have access to market related data.
The regulator proposed that the companies listed on IGP, wanting to list on the mainboard, should complete at least one year of listing on the former platform.
En Aromatic & Petro Chemicals had raised nearly Rs 61.5 crore through the RCPs offer.
The poll results are likely to have a bearing on trading and increased monitoring helps to keep in check possible manipulations and excessive volatility in the markets.
The benchmark BSE Sensex jumped over 200 points to hit a record intra-day high of 39,565.82 as investors' euphoria over exit poll outcome.
Exchange says it has strong grounds to contest the orders, including monetary liability.
On April 30, Sebi had barred NSE from accessing the securities market for a period of six months.
New rules make shareholder approval mandatory for all bonuses paid to top executives.
IFCI Financial Services is a depository participant of National Securities Depositories Ltd and Central Depositories Securities Ltd.
The watchdog revoked the directions against three former directors -- Rajeev Kumar Asopa, Lalit Agarwal and Rajendra Prasad Basia -- of the company in the same case.
The regulator had initiated two adjudication proceedings against the firm for alleged violation of PFUTP (Prohibition of Fraudulent and Unfair trade Practices) norms as well as provisions of Securities Contracts (Regulation) Act.
Of the 2,286 scrips traded, 1,718 advanced, 440 declined and 129 remained unchanged.
This would be the first time Sebi has questioned the pact between fund houses and Essel.
Last month, HDFC Mutual Fund had informed investors it plans to extend the tenure for one of its FMPs coming up for maturity by another year, due to its exposure to Essel group companies.
Daiichi moved the high court seeking execution of the Rs 3,500 crore a Singapore tribunal's arbitral award won by it in April 2016.
Mistakes in dealing with other related areas can in fact derail otherwise careful retirement planning.
Edelweiss has downgraded Bajaj Finserv to reduce and revised target price to Rs 6,481 .
UBS has maintained buy rating on Bank of Baroda and lowered target price to Rs 145.
The limits for FPI investment in SDLs is 2 per cent of outstanding stock of securities.
Rating agency ICRA’s top brass is under Sebi scanner for alleged interference to ensure good rating for IL&FS, the agency said in a disclosure. Sebi is looking at whistle blower allegations that ICRA top management meddled to ensure AAA rating to IL&FS. The market regulator has forwarded the whistle blower complaint to the rating agency. “The board of ICRA has given KPMG mandate to look into allegations,” sources said.ICRA top brass under SEBI scanner for AAA rating to IL&FS
Sebi wants to know the amount of cover considered while assigning ratings to NCDs.
Narain and Ramkrishna held the post of managing director and chief executive officer (MD & CEO) of NSE in succession.
MSE has no outstanding dues to Sebi pertaining to 10 per cent of the listing fee and the annual regulatory fee, the regulator said.
In February, Sebi had barred Allied Financial and others for misappropriating client securities and a host of other violations.
In what will impact big listed companies like Maruti Suzuki, Colgate, GSK, HUL and Nestle, Market regulator Sebi is in favour of capping royalty payments at 2 per cent, as against Kotak Committees recommendation of 5 per cent. Sources tell ET Now that market regulator will bring up the issue with Finance Ministry post elections. Sebi to cap royalty payments to 2%
The appeals will now be heard on July 22 after Sebi files its reply.
SEBI had barred the 3 NSE employees from holding any position with any stock exchange.
As many as 31 companies in the list are liable to pay a fine of Rs 4,50,000.
Access to Aadhaar database will be a boon for mobile wallets and digital lenders.
AMFI would consolidate the information and submit the same within 30 calendar days from the end of a quarter to Sebi.
The move will align with Sebi’s aim to allow greater participation of FPIs in the Indian capital market.
Market regulator may be open to a higher than 2 per cent royalty in case of technology transfer.
The government shareholding in many state-run banks is currently above 75 per cent.
Sebi's order barring the entities from the market shall remain stayed till further orders, the tribunal said, and listed the matter for further hearing on July 22.
The company on Thursday picked up 886,438 equity shares from the open market.
Differential voting rights are essentially certain shareholders having different number of votes.
Sources told ETNow that Sebi could soon unveil fresh directives to reign in mutual funds acting like banks.
Sebi in its order said NSE had violated its rules governing stock exchanges.
Schemes that are mandated to invest 40-60 per cent in debt or equity is still not popular among mutual fund investors.
Limaye also asserted that the order will have no bearing on its businesses.
The markets regulator on Tuesday directed the bourse to disgorge profits worth over Rs 687 crore.
The comments come against the backdrop of the fund house seeking more time for payouts with respect to Fixed Maturity Plans.
The stock exchange allowed OPG and others to back-up servers and gave them first access.
Exchange officials seek relief, Securities Appellate Tribunal to hear the case on Monday
Noticees are OPG Securities and its three directors Sanjay Gupta, Sangeeta Gupta and Om Prakash Gupta.
Tata Global Beverages to be renamed Tata Consumer Products, the group announced.
The Parliament and its committees should examine the regulators more often, says UK Sinha.
India’s largest life insurer holds 2.38 per cent in Leela.
About 75% of the interest burden is borne by the company and the remaining by the employee, who can acquire a maximum of 0.517% of the issued share capital of the company through this scheme.
“The board of ICRA has given KPMG mandate to look into allegations,” sources said.
As per the release, NABARD has contributed to 16 other alternative investment funds with an overall capital commitment of Rs 273 crore so far.
An anonymous complaint was forwarded by market regulator to the ICRA management.
The hotels for which shareholders have given approval are in Delhi, Bengaluru, Chennai and Udaipur.
Clearing corporations will also regularly review their net worth requirement and ensure that the same does not fall below the prescribed threshold.
Rushabh Jitendra Shah and Minesh Devendra Shah were promoter directors of the firm at the time of violation.
Sebi observed that the firms were among the entities that had indulged in executing non-genuine trades.
A total fine of Rs 49 lakh was imposed on MJVVD Prakash while the six directors were fined Rs 5 lakh each.
L&T has missed a deadline to issue its letter of offer to Mindtree shareholders.
For its role in the scam, Sebi also banned NSE from the stock market for six months.
No implications on the functioning of the NSE as a result of the SEBI order, says Limaye.
Sebi is looking into the complaints filed by Dalmia Cement (Bharat) and OCL India against the brokerage firm.
The mode of the acquisition was open market purchases.
The complaint said JM Financial ARC was playing two conflicting roles of a shareholder as well as a lender.
NSE has also been banned from introducing a new derivative product for the next six months.
The matter will be heard next on July 22. Sebi has to file its reply within six weeks.
Credit Suisse has initiated coverage on PI Industries with an outperform rating.
Sharekhan was allegedly indulged in front-running activity through its proprietary trading account thereby making personal gains.
The crisis-ridden infrastructure conglomerate, once a pioneer of public-private partnership, came under the scanner of multiple regulators besides SEBI post defaults in debt obligations.
Should you also join the party?
REITs have to offer their units in lots worth at least Rs 50,000 in initial and follow on public offers.
In a PCC the liability or losses of one cell does not spill over to other cells.
Eight brokers connected 10-20 per cent of their IPs to the secondary server.
In an exclusive interview with ETCFO, UK Sinha, former chairman at market regulator Securities and Exchange Board of India (SEBI) throws light on these questions.
Expenses declined to Rs 17,599.60 crore from Rs 18,226.10 crore on a sequential basis.
Reddy has taken over from Mrugank Paranjape, who decided not to continue for the second term as the MD and CEO.
Puri, 56, becomes the fifth Indian chairman of the cigarette-FMCG-hotel giant, after Ajit Narain Haskar, J N Sapru, K L Chugh and Deveshwar.
The IPO comprises fresh issue aggregating up to Rs 250 crore besides an offer for sale of up to 42,403,271 shares.
The incentive problem is one of severe misalignment of the interests of the customer and the salespeople.
The export division's turnover stood at Rs 2,690.37 crore as on March 31, 2018, which is 28.35 per cent of PCJL's turnover.
Suspicious transactions between stock brokers and mutual fund officials are nothing new.
The regulator had conducted investigation from August 2013 to June 2014 regarding the trading in the scrips of Emed.com Technologies.
Sebi also directed the entities to refund the money collected by the company along with 15 per cent interest.
IndiaTech proposes extending sunset period in differential voting rights to 20 yrs
The advocacy group has also recommended exempting tech founders from complying with the minimum promoters’ contribution requirement, set at 20% of post-issue capital.
Last year, Sebi amended the TER slab structure which reduced mutual funds’ fund management costs.
Decides to stick to original plan, complete L&T Infotech’s merger with Mindtree by 2023.
At its board meet on March 27, Sebi had approved floating of such a consultation paper.
Maloo was the director of HPCL during the time of alleged violation, and the regulator had initiated adjudication proceedings against him in June 2018.
Credit risk funds also saw net outflows worth Rs 1,253 crore in April.
Sebi came out with revised guidelines for system audit to be conducted by mutual funds and asset management companies (AMCs).
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