Page 105 - Sebi

Mirae Asset Mutual Fund seeks Sebi's approval for mid, smallcap funds

While the industry has always had large and midcap funds, there is no scheme that offers exposure only to mid- and smallcap stocks

SoftBank arm SVF India pares 2.17% stake in One 97 Communications

SoftBank arm SVF India Holdings has trimmed its holding in One 97 Communications by 2.17 per cent through the sale of 13.7 million shares in the open market over the past almost one month, according to a statutory filing on Thursday. With this, SoftBank affiliate SVF India Holdings (Cayman) has now a 2.83 per cent stake in the fintech company. "SVF India Holdings (Cayman) Ltd has disposed of an aggregate of 13,784,787 equity shares of One 97 Communications Ltd in a series of disposals undertaken between January 23, 2024, and February 26, 2024, with the disposal on February 26, 2024, beaching the 2 per cent threshold specified in...SEBI Takeover Regulation," One 97 Communications, which own the digital payment app Paytm, said in a BSE filing. It mentioned "open market" as a mode of sale. Japan's SoftBank has been paring its holding in the company over the past quarters. Notably, the latest sale comes at a time when One 97 Communications' associate entity Paytm Payments Bank Limited

Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach

Buch-who oversees India's $4.7 trillion equities market-doesn't plan to rest on her laurels and has set out an ambitious goal such as moving towards instantaneous settlement cycle for secondary market

Sebi asks mutual fund houses to protect investors in small, midcap schemes

Capital markets regulator Sebi has asked mutual fund houses to put in place a framework to safeguard investors, who invested in smallcap and midcap schemes, amid a "froth building up" in these categories. Also, the regulator has suggested steps such as restrictions on inflows in these segments, portfolio rebalancing, and laying guidelines to safeguard investors from the first-mover advantage of redeeming investors. This came in the backdrop of strong flow in the small and midcap schemes of mutual funds over the last few quarters. In a communication to Association of Mutual Funds in India (AMFI) on Tuesday, Sebi asked the industry body to inform trustees of all the mutual fund houses to frame a policy to protect the interest of investors of smallcap and midcap schemes. "In the context of the froth building up in the small and mid-cap segments of the market and the continuing flows in the small and mid-cap schemes of mutual funds, trustees, in consultation with unitholder protection

Sebi bans 12 cos from securities market for V Marc stock manipulation

Sebi on Thursday barred 12 entities, including promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate volumes and price of the company's shares. Additionally, the regulator impounded wrongful gains of Rs 6.38 crore made by some of the entities from the manipulative scheme, according to an interim order. This case primarily deals with fraudulent and manipulative trading in the scrip of V Marc India Ltd, listed on NSE's SME segment, prima facie orchestrated by the promoter and company management, along with connected parties. In its order, Sebi, prima facie, found that V Marc's promoter and MD Vikas Garg and Sandeep Kumar Srivastava, former Whole Time Director of the company-- engaged the services of Prijesh Kurani to 'operate the market'. It further noted that Kurani, in turn, in addition to using his own and his connected entities' trading accounts, engaged accounts of persons connected to Garg to manipulate the scrip. Further, G

Sebi moves to restrict inflows into small- and mid-cap mutual funds

Sebi's communication shows heightened regulatory concern on the surging inflows into Indian small- and mid-cap mutual funds and any potential ripple effects on the financial system

Sebi asks MFs to shield smallcap investor interest amid spike in volatility

Fund houses asked to consider placing caps on investment, prevent first mover advantage

Sebi proposes further exemptions of granular disclosures for select FPIs

It is proposed that disclosure exemption will be given only if the composite holding of all such FPIs in the group is less than three per cent of the total equity share capital

Sebi grants relief to investor Shankar Sharma, 4 others in Brightcom case

In the confirmatory order issued on Wednesday, the market watchdog revoked the bar on Sharma from selling his stake in the company after he submitted details of the transactions

Sebi mulls relaxing enhanced disclosure framework for certain FPIs

Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed exempting funds with concentrated holdings in entities without a promoter group, where there is no risk of breaching Minimum Public Shareholding (MPS) requirements, from enhanced reporting obligations. The Securities and Exchange Board of India (Sebi) has sought comments till March 8 from the public on the proposals. This came after Sebi, in August last year, mandated FPIs to disclose detailed information about entities holding any ownership, economic interest, or control in them, without any threshold. This granular disclosure framework required for FPIs meeting either o

AIFs' actual investment at 65% of commitments: Sebi WTM Ananth Narayan

Along with a code of conduct, Sebi is working to define the specifics of what constitutes circumvention

Market regulator Sebi lens on MF free float ownership in smallcaps

Data needed to gauge liquidity risks in smallcap funds, say MF executives

Complaints to market regulator Sebi jump 80% in January, shows data

Complainants lodge their grievances on the Sebi Complaints Redress System (SCORES)

Angel funds approach Sebi, raise the issue of high depository fees

AIFs are pooled investment vehicles that cater to high-networth investors and institutions

Zee board expands scope of advisory panel to include probe assessment

Zee Entertainment Enterprises Ltd on Tuesday said its board has expanded the scope of independent advisory panel to include investigation assessment. The announcement by the company comes amid the ongoing probe by market regulator Sebi against its promoters for fund diversion. Last week, the company announced constituting of independent advisory panel to curb erosion of its investor wealth in the wake of speculations leading to negative public opinion of the company. In a regulatory filing, Zee Entertainment Enterprises Ltd (ZEEL) said, "On recommendation of the Audit Committee, the Board of Directors of the Company, in its meeting held today, has considered and approved to further expand and strengthen the role of the 'Independent Advisory Committee' by including 'Investigation Assessment' as a primary responsibility of this Committee.

Rs 4K cr and rising: How fractional ownerships are revolutionising realty

Market regulator Sebi's decision to allow the setting up of small and medium Real Estate Investment Trusts (REITs) is expected to regulate and fuel growth in this segment

Explained: The social media-FPI trading fraud Sebi has cautioned about

Fraudulent trading platforms are offering resident Indians trading opportunities on par with foreign funds, which is not possible under the current rule

Circumventions of rules industry-wide problem in AIFs: Sebi member Narayan

Narayan stressed that the capital markets regulator wants to learn from the industry and work in close collaboration with it to frame the rules going ahead

Sebi asks small, mid-cap funds to disclose more information about risks

Heavy inflows have sent the Nifty small cap 250 index surging 71% over the past 52 weeks and lifted the Nifty mid cap 100 index 64%. That far exceeds the benchmark Nifty's 28% rise

Subhash Chandra 'not cooperating' with investigation, says Sebi

SAT to hear the matter next on March 8, gives 10 days to Sebi to file reply