Capital Market

Despite rising yields, firms rush to raise funds, pushing FY25 issuances to a new record

OFS includes 28,56,869 equity shares by the promoter and investors

Major state-owned issuers look to raise Rs 30,000 crore through bonds

Experts indicated that yields on 'AAA'-rated corporate bonds have inched up slightly

Government has chosen the path of the fiscal prudence which is again good, though market would have expected a bit of more loosening on the fiscal side, Khemani said

Moreover, the demand for Debt Capital Markets (DCM) products is underpinned by stable levels of bond maturities, comparable to 2024

Overall fundraising from capital markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. "If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt," Buch said addressing a NISM-organised conference here. A presentation made by Buch pegged the FY25 estimate at Rs 14.27 lakh crore. Buch said money raised by real estate investments trusts, infrastructure investment trusts and municipal bonds has a very small contribution to the overall capital raising at around Rs 10,000 crore in the first nine months of FY25, but added that s

Capital markets regulator Sebi on Thursday is offering a range of free tools and resources on its investor website and the 'Saarthi' App as part of its investor education initiatives. It aims to empowering both prospective and existing investors, these platforms provide guidance on making informed investment decisions. "The Securities and Exchange Board of India (Sebi), as part of its mandate to protect the interests of investors in the securities market, has provided a comprehensive suite of tools and resources on its official investor website to enhance investor awareness and education," the regulator said in a statement. These tools and resources aim to help both prospective and existing investors navigate their investment journey, it added. The Sebi investor website features a curated repository of videos sourced from stock exchanges, depositories, and institutions like the Association of Mutual Funds in India (AMFI) and the National Centre for Financial Education ...

Capital markets regulator Sebi has rolled out a new compliance framework for listed entities, introducing integrated filing for governance and financial disclosures, which will be applicable for filings to be done for the quarter ending December 31, 2024. The latest move aims to reduce compliance burdens by unifying multiple periodic filing requirements into a single system. "In order to facilitate ease of filing and compliance for listed entities, it has been decided to introduce Integrated Filing, in terms of...the LODR Regulations, for the following governance and financial related periodic filings required under the LODR, which shall be applicable for the filings to be done for the quarter ending December 31, 2024 and thereafter," the regulator said. The regulator incorporates recommendations from an expert committee which was set up to review the Sebi's LODR (Listing Obligations and Disclosure Requirements) norms. Under the new system, governance-related filings such as ...

According to a dealer at a state-owned bank, some of the AAA-rated issuers who tapped the market today were expecting to raise funds at the levels they normally raise

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index's strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar. "It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said. Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the Reserve Bank of India (RBI) continues to se

Now, the focus has shifted from creating investor intent through education to enabling easy execution via digital channels

Shenoy discusses how domestic-focused sectors like manufacturing, defence, railways, domestic consumption, and infrastructure are ready for long-term growth

Capital markets regulator Sebi Chief Madhabi Puri Buch on Monday said a single disclosure by listed companies on one stock exchange will soon be automatically uploaded on the other bourse. This comes after the Securities and Exchange Board of India (Sebi) recently proposed sweeping changes to disclosure as well as listing requirements by listed companies based on recommendations from a committee led by S K Mohanty, former whole-time member of Sebi. Speaking at a CII event, Sebi chairperson said, "a single filing with the exchange will be a reality very soon". As part of the proposed changes, a filing made on one exchange will automatically collate on the other exchange, she said. A filing made on one exchange will automatically collate on the other exchange. Additionally, Buch said soon investors will be able to start SIP (Systematic Investment Plan) with as low as Rs 250 per month. "We are on the way of Rs 250 SIP becoming a reality," she said. Buch avoided commenting on Real E

Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore under "difficult to recover" category at the end of March 2024, marking an increase of 4 per cent from the preceding year. Of this, a huge chunk is on account of cases pending before court-appointed committees. Difficult to recover (DTR) dues are those that could not be recovered even after exhausting all modes of recovery. "Segregation of such DTR dues is purely an administrative act and this will not preclude the recovery officers from recovering the amount so segregated as DTR as and when there is a change in any of the DTR parameters," Sebi said in its annual report for 2023-24. As of March 31, 2024, Sebi identified 807 cases as DTR, with a total outstanding of Rs 76,293 crore, up from 692 cases amounting to Rs 73,287 crore the previous year, according to the report. Among these 807 cases, 36 are pending due to ongoing proceedings in State PID courts, National Company Law Tribunal (NCLT), Nationa

Capital markets regulator Sebi on Wednesday clarified on media reports pertaining to making the T+0 system mandatory for all. "This has been erroneously reported in a section of the press as Sebi bats for making the T+0 system mandatory for all," the regulator said in a statement. In a statement issued, the regulator clarified that its chief Madhabi Puri Buch was discussing the Application Supported by Blocked Amount (ASBA) facility, not the T+0 settlement cycle. The ASBA facility ensures that the investor's fund gets moved only when the allotment is completed. At an NSE event on Tuesday, the Sebi chairperson released a report on "Indian Capital Markets: Transformative Shifts Achieved through technology and reforms". The report referred to potential annual benefit of Rs 2,800 crore if ASBA for the secondary market were to be adopted fully by retail investors. "In this context, a question was posed to the Sebi chairperson on the ASBA facility being optional due to which retail ...

Bhatt says India stands out globally because of its financial discipline

A fresh set of 'alert indicators' have been issued by India's financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime. These new guidelines have been issued under the provisions of the Prevention of Money Laundering Act (PMLA) during the 2022-23 financial year and published in a recently released report that has been accessed by PTI. This is part of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime followed by the country as part of which financial institutions and intermediaries are mandated to share suspicious transaction reports (STRs) with the FIU which subsequently analyses them and shares them for action with various investigative and intelligence agencies. FIU proactively engages with the financial sector

Murugaiyan, who oversaw close to a dozen ECM deals in 2023, says large sell-downs by private equity (PE) firms show the depth of the domestic market

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