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Equity market corrections following the Middle East conflict present a "tremendous opportunity" for foreign portfolio investors to up their bets in India, a senior Sebi official said on Thursday. Kamlesh Chandra Varshney, a whole-time member at the capital markets regulator, said the Indian capital market is "quite attractive" now and presents a good opportunity to investors registered as FPIs. "There is a tremendous opportunity to invest in the Indian equity market with the kind of direction which has taken place now in the last few months, particularly after the war that has broken out," he said, speaking at a Russia-India forum for integration of capital markets here. FPIs continue to be net sellers in the Indian markets in FY26, and in the first 12 days of March alone, there has been a sell-off of over Rs 77,000 crore by them, as per reports. Speaking at the event, Varshney assured all help to facilitate Russian investments into the country and also proposed setting up working
Accuracap Prime Opportunities Fund, its manager Accuracap Technologies LLP, and four officials have settled an AIF norms violation case with markets regulator Sebi, after paying Rs 21.75 lakh under the settlement mechanism. The four officials who opted for settlement are Naresh Chand Gupta, Raman Nagpal, Prateek Gupta and Divya Singha. In its order passed on Tuesday, Sebi said the proceedings initiated through summary settlement notices have been disposed of in terms of the Settlement Regulations. The case stems from Sebi's examination of quarterly filings of Accuracap Vectra Fund, a scheme under Accuracap Prime Opportunities Fund, for FY24. The regulator found that the scheme failed to maintain the minimum required corpus of Rs 20 crore and did not restore it within three months of the breach. Despite this, the fund neither redeemed investor units nor wound up the scheme. Additionally, the Alternative Investment Fund (AIF) was found to have exceeded the maximum permissible invest
Sebi has levied penalties totalling Rs 2.8 crore on 18 entities as well as barred them from securities markets for up to five years for manipulating the share prices of Retro Green Revolution Ltd (RGRL). Besides, the regulator has directed 15 of these entities to disgorge the total unlawful gains worth Rs 2.94 crore, along with 12 per cent interest per annum from December 31, 2021, till the date of payment. The amount is to be deposited in Sebi's Investor Protection and Education Fund within 45 days. In its 61-page order passed on Tuesday, the regulator found that the entities were part of a premeditated scheme to artificially jack up the price of an illiquid scrip of RGRL and lure gullible investors. Sebi observed that the scheme involved trading among connected entities to create artificial volumes in a thin stock, followed by circulating tips/ stock recommendations through a Telegram channel. The noticees no 1 to 6, including Sanjay Arunkumar Choksi, had indulged in creating a
Three companies -- travel technology firm Travelstack Tech, Learnfluence Education, which operates the 'Lakshya' coaching centres, and tea cafe chain Tea Post --have received approval from Sebi to raise funds through Initial Public Offerings (IPOs), according to an update from the market regulator on Monday. Meanwhile, Rays Power Infra, Madhur Iron & Steel and Arjun Jewellers saw their documents "withdrawn or returned" during March 9-13, the update showed. The development comes at a time when Indian equity markets are under pressure due to the ongoing conflict in West Asia. So far this year, 12 companies have tapped the IPO market to raise funds. One issue is currently underway, while few others are expected to hit the market later this month. According to Sebi data, Travelstack Tech, Learnfluence Education and Tea Post had filed their preliminary IPO documents between June and December and received the regulator's observations during March 10-11. In Sebi's terminology, the ...
Sebi chairman Tuhin Kanta Pandey on Saturday urged investors, especially retail ones, to remain patient, terming it the "best strategy" in uncertain times. In remarks made amid the Middle East conflict-induced selling pressures in the markets, Pandey said past episodes of turbulence in markets like the onset of the Covid-19 pandemic or the Russia-Ukraine conflict have shown that things stabilise eventually. The Sebi chief said global efforts are underway to restore stability, even as the ongoing tensions in parts of the world have created uncertainty in energy markets. "For many investors -- especially retail investors -- the best strategy during such a period of uncertainty is to remain patient," Pandey said, speaking at an event here. The chief of the Indian capital markets regulator acknowledged that "uncertainty" dominates the global economic landscape, and added that the same is triggered by technology changes with the adoption of artificial intelligence and geopolitical ...
Markets regulator Sebi on Friday issued guidelines for mutual funds to undertake intraday borrowing arrangements with financial institutions such as banks. Under the new framework, the board of an asset management company (AMC) as well as the board of trustees will be required to approve a policy governing the use of intraday borrowing facilities. Further, the AMC will also disclose the approved policy on its website, Sebi said in its circular. Sebi said intraday borrowings can be used only for specific purposes -- repurchase or redemption of units, payment of interest or Income Distribution-cum-Capital Withdrawal (IDCW) payouts to unitholders. The regulator also stipulated that the borrowing amount cannot exceed the "guaranteed receivables" expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities s