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In a consultation paper released on Wednesday, Sebi outlined measures to address the cost concerns associated with smaller SIPs
The offer, which includes up to 10,094,568 equity shares, is aimed at achieving the benefits of listing on stock exchanges
This development is the latest in the ongoing family and company dispute, in which Samir and his brother Lalit are contesting their mother Bina over an inheritance
Platform for trading in shares before listing on the anvil; regulator also worried about misuse of IPO proceeds
Sebi Chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has found "egregious misuse" of funds raised through initial public offerings (IPOs) by certain companies and urged investment bankers to desist from helping such entities access the capital markets. Even before the term "agentic artificial intelligence" was coined, Sebi had been working on a tool based on that concept to process IPO documents faster, Buch said. Speaking at an event organised by Association of Investment Bankers' of India (AIBI), Buch said the i-bankers know exactly when they are bringing a "pump and dump" company to the market. "You (i-bankers) should not bring a bad company to the market," she urged the audience comprising rainmakers. There are markers like the high fees being paid to the banker, or the company having less or no staff at all or no visits by the bankers to the facilities of a company which speak loudly about the intent behind an issuance and it being a "pump and dump"
Sebi is looking at introducing a system where an investor can sell shares as soon as they are allotted in an Initial Public Offering (IPO) to curb grey market activity, chairperson Madhabi Puri Buch said on Tuesday. The chief of the capital markets regulator also announced that the top two proxy advisory firms are on the verge of launching a portal which will be a repository of related party transactions and will be useful in judging the governance standards in a company for any stakeholder. It can be noted that many IPOs in the recent past have seen very high subscriptions, and many of the issuances have also made huge listing-day gains which result in the grey market activity of passing on allotted shares. Buch, an i-banker turned markets regulator, reminisced that during her banking days, this grey market activity used to be called "curb trading". "We feel that if anyway investors want to do that, why not give them that opportunity in a proper regulated way?" Buch said, addressi
NAV represents the market value of an investor's mutual fund holdings and is a key metric for understanding the worth of their investments
Carlyle-backed Hexaware Technologies plans to raise Rs 9,950 crore through a pure offer for sale (OFS), with shares being sold by CA Magnum Holdings
Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public
Matter pertains to benefits paid to Vijay Shekhar Sharma and lapse in identifying promoter
The advisory by Sebi on disclosure of DFS was administrative, thus the plea is non-maintainable, says Sebi
To promote ease of doing business, markets regulator Sebi on Friday provided relaxation in the timeline for review of ESG rating following the publication of Business Responsibility and Sustainability Reporting (BRSR). ESG Rating Providers (ERPs) will carry out a review of the ESG ratings upon the occurrence of or announcement/ news of such material developments immediately, but not later than 10 days of occurrence of the said event. However, review of the ESG rating following the publication of BRSR by the rated entity will be carried out immediately, but not later than 45 days after the publication of the BRSR, Sebi said in its circular. This came after ERPs made a representation to Sebi highlighting the operational challenges faced in undertaking review of ESG ratings for a large pool of listed companies following publication of BRSR by such companies, within the specified timeline of 10 days. ERPs have made a representation to Sebi, highlighting the operational challenges faced
To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, Sebi on Friday directed mutual funds to disclose the information ratio (IR) of a scheme along with performance disclosure. Further, disclosure of IR, a financial metric to measure the Risk-adjusted Return (RAR) of a scheme portfolio, will be applicable only for equity-oriented schemes. "Considering the significance of volatility of performance in determining the suitability of MF schemes, the information ratio is an established financial ratio to measure the RAR of any scheme portfolio. "It is often used as a measure of a portfolio manager's level of skill and ability to generate excess returns, relative to a benchmark and also attempts to identify the consistency of the performance by incorporating standard deviation/risk factor into the calculation," Sebi said. In a circular, Sebi has asked mutual funds to disclose the information ratio of a scheme portfolio on their website, along
The firm's founder Nate Anderson posted about the disbanding on Hindenburg's website without specifying any single reason for the decision
Sebi chairperson Madhabi Puri Buch on Thursday said the capital markets regulator wants to get as many Indians into the market ecosystem and seize the wealth creation opportunity. Buch said artificial intelligence is "the hero" of a large number of initiatives that the watchdog is embarking on with the focus on serving as many people as possible. Virtually addressing an event organized by Sebi, Buch said the Indian economy has a "huge opportunity" and all the necessary technological tools have been put in place as part of a larger ecosystem with democratization being the core principle. "'... a system that is efficient but is exclusive does not serve the nation. We wish for our market ecosystem to be inclusive and to bring as many citizens of the country into the fold and into the opportunity of wealth creation for our nation," Buch said. Sebi is implementing and deploying a slew of initiatives and AI, the hero, is at the core of a large number of them, she said. "To me, it is not
A total of 10 entities have settled a case of trading using non-public information from guest experts on Zee Business Channel with markets regulator Sebi after paying a total of Rs 5.96 crore towards the settlement amount. Additionally, the settlement includes a six-month voluntary debarment period from buying, selling, or dealing in securities. The applicants have settled the case with Sebi without admitting or denying the allegations through a settlement term. The settlement resolves the case, and no further action will be taken against the applicants unless they breach the terms of the settlement. The case involved stock recommendations given by guest experts on the Zee Business Channel, and Sebi's investigation found that 15 entities were allegedly involved in trading using non-public information from these recommendations between February 2022 and December 2022. In its investigation, Sebi found that 15 entities were allegedly involved in trading using non-public information f
Action in potential 'pump and dump' case as market capitalisation surges to Rs 4,000 crore from Rs 40 crore in just 8 months
Sebi is looking to introduce simpler customer identification rules and lower costs as it aims to popularise small-ticket investments via mutual funds
Hindenburg's reports revealed major corporate issues, including Adani's $100 billion market loss and other industry investigations. The firm has now announced its closure
Hindenburg shutting down: In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research