Page 3 - Latest Updates on SEBI
Sebi clarifies norms on transfer of shareholding in registered entities
Transfer of shareholding by way of transmission to an immediate relative will not result in a change in control
 "Sebi clarifies norms on transfer of shareholding in registered entities")
Sebi fines Jaiprakash Power for misrepresenting co's financial statements
This came after the regulator conducted an investigation in the matter of Jaiprakash Power Ventures Ltd (JPVL), a part of the Jaypee Group of companies, to ascertain the possible violations of PFUTP
 "Sebi fines Jaiprakash Power for misrepresenting co's financial statements")
ICEX formally exits bourse biz as Sebi notifies withdrawal of recognition
This came after the regulator on December 11 allowed ICEX to exit the exchange space after its recognition was withdrawn over two years ago
Neilsoft files IPO draft with Sebi to raise funds via public offering
Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design
 "Neilsoft files IPO draft with Sebi to raise funds via public offering")
Bollywood-backed realtor Sri Lotus Developers files DRHP for Rs 792 cr IPO
Earlier this month, the company raised about Rs 408 crore through a private placement
 "Bollywood-backed realtor Sri Lotus Developers files DRHP for Rs 792 cr IPO")
IPO mop up could top Rs 2 trillion in 2025: ibanking firm Pantomath
According to Pantomath, funds raised through IPOs in India this year rank second-highest globally after the United States
 "IPO mop up could top Rs 2 trillion in 2025: ibanking firm Pantomath")
Beyond interruptions: How the year 2024 turned out for the business sector
2024 was a year of churn - and a big loss - but it was also when India made decisive strides in infrastructure and defence self-reliance
 "Beyond interruptions: How the year 2024 turned out for the business sector")
EV-maker Greaves Electric Mobility files IPO papers, seeks Rs 1,000 crore
The IPO includes a fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale of up to 189.3 million equity shares by Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solution
 "EV-maker Greaves Electric Mobility files IPO papers, seeks Rs 1,000 crore")
Lokpal calls Sebi chief, Moitra for oral hearing over corruption charges
The Lokpal had on November 8 sought Buch's "explanation" on the complaints filed by Moitra, a Lok Sabha member, and two others
 "Lokpal calls Sebi chief, Moitra for oral hearing over corruption charges")
Israel war, Budget, Fed rate cut: Top events that shaped markets in 2024
Stock market in 2024 so far: One of the most pivotal events impacting investor sentiment was the outcome of the 2024 General Elections
 "Israel war, Budget, Fed rate cut: Top events that shaped markets in 2024")
Greaves Cotton rally 15%, hits record as arm files DRHP for Rs 1,000 cr-IPO
Greaves Cotton share rose after the company announced that its material subsidiary, Greaves Electric Mobility, has filed a Draft Red Herring Prospectus (DRHP) with Sebi, BSE and NSE for Rs 1,000 crore
 "Greaves Cotton rally 15%, hits record as arm files DRHP for Rs 1,000 cr-IPO")
Kalyani Investment pays Sebi Rs 1.12 cr to settle disclosure violation case
Kalyani Investment Company Ltd (KICL), a listed entity, is part of the over $2.5 billion Kalyani Group
Two individuals settle insider trading case with Sebi paying Rs 74 lakh
According to Sebi, the information pertaining to the merger was found to be an Unpublished Price Sensitive Information (UPSI) and the UPSI period was considered from December 13, 2021 to April 4, 2022
Say no to NFOs, buy direct plans and seek suggestions from Sebi RIAs
Sebi's new rule is a positive step towards investor protection. It will reduce mis-selling by aligning distributor incentives with investor interests and discourage unnecessary portfolio churn
 "Say no to NFOs, buy direct plans and seek suggestions from Sebi RIAs")
BSE postpones bidding for Solar91 Cleantech's Rs 106 cr IPO amid concerns
The Rs 106-crore IPO was to open for subscription to investors from December 24 at a price band of Rs 185 to Rs 195
Sebi punctures Bharat Global's 10,000% stock rally over fake disclosures
Shares of the Gujarat-headquartered company surged over 10,000 per cent in the 12-month period ending November as it announced forays into market-fancied sectors
 "Sebi punctures Bharat Global's 10,000% stock rally over fake disclosures")
Upcoming IPO: Agrochemical company GSP Crop Science files DRHP with Sebi
The Initial Public Offering (IPO) comprises a mix of a fresh issue of shares worth around Rs 280 crore, and 6 million equity shares offered by promoter selling shareholders
 "Upcoming IPO: Agrochemical company GSP Crop Science files DRHP with Sebi")
Sebi suspends trading in Bharat Global Developers alleging lapses
Shares of Bharat Global have seen a 105 times jump in the last year, rising from just Rs 16.14 apiece in November 2023 to a high of Rs 1,703 in November 2024
 "Sebi suspends trading in Bharat Global Developers alleging lapses")
Burman family secures Sebi approval for 26% open offer in Religare
The Religare open offer is priced at Rs 235 per share, amounting to Rs 2,116 crore
 "Burman family secures Sebi approval for 26% open offer in Religare")
Street signs: Capital's great takeoff, IPO buffet, SMEs defy gravity
Brokers highlight strong demand for three or four of these IPOs, driven by attractive grey market premiums
 "Street signs: Capital's great takeoff, IPO buffet, SMEs defy gravity")
