Page 12 - Sebi

Sebi introduces liquidity window facility for investors in debt securities

Sebi on Wednesday introduced a liquidity window facility for investors in the debt securities through a stock exchange mechanism. The liquidity window facility allows investors holding listed debt securities to sell them back to the issuer using a put option on specific dates, ensuring liquidity. This facility, available from November 1, will be of immense utility to investors, especially retail investors, and can serve to enhance their investment in such debt securities, Sebi said in a circular. The regulator observed that corporate bonds are seen as illiquid because many institutional investors hold them until maturity, leading to low trading activity. To improve liquidity, especially for retail investors, Sebi introduced a framework where issuers can offer liquidity window facility. Under this, issuers can choose whether to offer this facility for debt securities at the time of issuance. It applies to new issuances of debt securities, either through public offers or private ...

Sebi decides to make sales proceeds available to FPIs on settlement day

To boost operational efficiency and respond to concerns raised by Foreign Portfolio Investors (FPIs), Sebi on Wednesday said it has introduced measures to speed up the availability of sale proceeds for such investors, bringing them on par with domestic institutional investors. It is broadly estimated that efficiency gains on account of this measure would be around Rs 2,000 crore per annum. FPIs previously reported delays in their access to sale proceeds beyond the standard 'T+1' (trading plus one) settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations. To address this issue, Sebi engaged in consultations with key stakeholders, including FPIs, clearing corporations, custodians, and tax consultants. This collaborative effort led to significant process improvements, making sale proceeds available to FPIs on settlement day, and bringing them on par with domestic

Sebi to auction 15 properties on Nov 19 with Rs 11.89 cr reserved price

Capital markets regulator Sebi on Monday said it will auction 15 properties belonging to Mangalam Agro Products, Sumangal Industries and Falkon Industries India on November 19. The move is part of Sebi's efforts to recover money collected by these companies from investors in violation of norms. Ravi Kiran Realty India and Purusattam Infotech Industries are the two other companies whose properties will be auctioned by the markets watchdog. Properties that will go under the hammer including flats, land with structure and land parcels are located in West Bengal and Odisha. The properties will be auctioned with a reserve price of Rs 11.89 crore and the auction will be conducted online on November 19 from 11 am to 1 pm, the Securities and Exchange Board of India (Sebi) said in a notice. Sebi has invited bids for the sale of properties in the recovery proceedings against Mangalam Agro Products, Sumangal Industries, Falkon Industries India, Ravi Kiran Realty India and Purusattam Infotech

Sebi raises overall position limits for trading members in F&O segment

The position limits will be applicable for index futures and index options separately as it is the current practice, Sebi said

Senores Pharmaceuticals, Sagility India get Sebi's go ahead to float IPOs

Senores Pharmaceuticals Ltd and Sagility India Ltd, a technology-enabled services provider in the healthcare services space, have received Sebi's go ahead to float their Initial Public Offerings (IPOs), an update with the markets regulator showed on Tuesday. On the other hand, the regulator has returned the rights issue document of The Bombay Dyeing and Manufacturing Company Ltd , the update showed. The development from the Securities and Exchange Board of India (Sebi) came a year after the company submitted its draft papers in October 2022 to the regulator proposing to raise Rs 940 crore through the rights issue. Both Senores Pharmaceuticals and Sagility had filed their respective draft documents in July seeking the regulator's nod to launch IPOs. The regulator's observation was issued on October 9, the update showed. In Sebi's parlance, obtaining its observations means go-ahead to launch the public issues. As per the draft paper, Senores Pharmaceuticals' IPO is a combination of

Anil Ambani challenges market regulator Sebi's Rs 625 crore penalty order

Sebi also added that it will determine the quantum of illegal gains made by the alleged fraudulent schemes, and further action may be initiated accordingly

Stock exchanges await Sebi approval to add new stocks to F&O segment

Sources reveal that exchanges submitted a list featuring 40 new entries

Demand-supply mismatch a sign of imbalance: Sebi WTM Ananth Narayan

Low risk, high returns can create complacency; market not a one-way street, warns Ananth Narayan

Sebi unveils framework to monitor shareholding in market infra institutions

Markets regulator Sebi on Monday introduced a framework to monitor shareholding limits, public shareholding requirements, and the "fit & proper" criteria for Market Infrastructure Institutions (MIIs), which include stock exchanges, clearing corporations, and depositories. This framework applies to both listed and unlisted MIIs, requiring them to disclose their shareholding patterns quarterly on their websites as per Sebi's Listing Obligations (LODR) norms, the regulator said in a circular. Each MII must appoint a non-associated Designated Depository (DD) to monitor compliance with shareholding limits. For depositories, the other depository will act as their DD. The DD will monitor breaches of the threshold limit of 5 per cent or 15 per cent as applicable under SECC Regulations, 2018 and D&P Regulations 2018, respectively, and take necessary actions. Additionally, "the DD shall monitor and inform the MII and stock exchange on which its shares are listed (in case of listed ...

Indian markets gave better returns than China in last 5 years: Sebi member

Sebi Whole-time Member Ananth Narayan G on Monday reminded investors that Indian equities have consistently delivered 15 per cent returns over the last 5 years whereas the same has been zero or even negative in China. Terming the Indian markets "sone pe suhaga" for delivering higher returns for lower risks, Narayan also flagged a few areas of caution for investors and asked them to be conscious of the risks. "There's a lot of talk about China markets over the last few days. But over the last five years, while Indian markets have given around 15 per cent compound annual growth rate consistently, Chinese markets are nowhere close to that. It's almost zero. In fact, in some cases, like in Hong Kong, it's actually negative," Narayan said. Speaking at an event marking the start of the Investor Awareness Week at NSE, Narayan said FY24 was a "remarkable" year for India, with the benchmark indices returning 28 per cent and the volatility just 10 per cent. "That's like 'sone pe suhaga'. It'

Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity on BSE SME platform

To undertake detailed examination into disclosures made by SME firm

NSE opts for Nifty 50 in weekly options, following Sebi's benchmark mandate

Decision to comply with Sebi's mandate to curb frenzy in the futures & options

Direct payout of securities: Sebi extends deadline to November 11

Timeline extended almost by a month for smoother implementation

Sebi court rejects Ketan Parekh's plea for closure of payment default case

A special court here has rejected former stock market broker Ketan Parekh's plea for the closure of a case initiated against by SEBI for not paying a penalty imposed by the markets regulator, noting the accused prima facie violated the norms "intentionally". The special judge for cases under the Securities and Exchange Board of India (SEBI) Act, RM Jadhav, in an order passed on October 4, ruled that Parekh's plea for compounding of the case against him "is unwarranted and uncalled for". SEBI initiated a criminal case against Parekh after he failed to pay the penalty for violating the board's regulation. In response, Parekh filed an application before the court for closure of the case by compounding. Parekh, in his plea, stated that the complaint had been filed in 2003 for the alleged violation dated 1997. Almost 25 years lapsed since the alleged violation. They offered to pay whatever amount sought by the board, Parekh's lawyer submitted before the court. "The applicant desires to

Sebi scrutinises brokers linked to algo trading with guaranteed returns

Over 100 brokers have received Sebi warnings for allowing APIs of algo provider TradeTron, which allegedly provided assured returns

Mkt regulator Sebi approves appointment of Vijay Chandok as new NSDL head

Chandok currently serves as the MD & CEO of ICICI Securities, the broking and investment banking arm of ICICI Bank

After PAC, Parliament's finance panel set to review Sebi's functioning

The Public Accounts Committee (PAC) is already slated to undertake such a review at its next meeting on October 24

CRISIL expects 25% hit on discount brokers' PBT over regulatory changes

The market regulator's mandate on uniform transaction charges or true-to-label norms, exchanges have removed the rebate benefit available to discount brokers in the previous slab-wise rates

Indian regulators have done world-class job, increased transparency: FM

Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well

NSDL gets Sebi nod for IPO over a year after filing offer document

At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake