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The changes will release financial investors such as SoftBank and Tiger Global from onerous regulations, including restrictions on stock sales, that apply to promoters.(PTI File Photo)

Sebi to ease norms for investor-backed firms

Livemint | By Anirudh Laskar, Mumbai
UPDATED ON JUL 29, 2021 02:42 AM IST
  • The proposed rules aim to make it easier for startups that are majority-owned by investors to access capital markets in India.
Biocon's Tambe gave a declaration that he is not in possession of UPSI at the time of applying for pre-clearance of trades from a compliance officer. (File Photo)
Biocon's Tambe gave a declaration that he is not in possession of UPSI at the time of applying for pre-clearance of trades from a compliance officer. (File Photo)

Sebi bars Biocon official for insider trading for 3 months

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUL 02, 2021 11:08 AM IST
Shreehas P Tambe, Biocon's senior vice president, traded in the shares of the company between December 19-27, 2017, in violation of market norms.
According to the National Stock Exchange, on May 28 alone FIIs provisionally bought nearly <span class='webrupee'>₹</span>1,275 crore in Indian equities.(Mint file photo)
According to the National Stock Exchange, on May 28 alone FIIs provisionally bought nearly 1,275 crore in Indian equities.(Mint file photo)

In a change of stance, FIIs buy Indian equities

By Ravindra Sonavane, Hindustan Times, Mumbai
PUBLISHED ON MAY 31, 2021 07:33 AM IST
  • Between March 23 and May 17, FIIs sold Indian shares worth nearly $3 billion. Year-to-date, Sensex and Nifty have climbed 7.7% and 10.4% respectively.
Exchange-traded funds (ETFs), index funds, overnight funds and existing close-ended schemes have been excluded from the order.(File photo)
Exchange-traded funds (ETFs), index funds, overnight funds and existing close-ended schemes have been excluded from the order.(File photo)

MF managers’ pay linked to schemes

By Neil Borate, Abhinav Kaul, Mumbai
UPDATED ON APR 29, 2021 12:34 AM IST
The Securities and Exchange Board of India (Sebi) said the compensation paid as mutual fund units will be locked in for at least three years or the tenure of the scheme, whichever is less.
Yes Bank’s AT1 bonds worth <span class='webrupee'>₹</span>8,415 crore were written down in full in March last year.(Bloomberg file photo)
Yes Bank’s AT1 bonds worth 8,415 crore were written down in full in March last year.(Bloomberg file photo)

RBI, Sebi get more time in Yes Bank’s AT1 bonds case

By Shayan Ghosh, Neil Borate, Mumbai
PUBLISHED ON MAR 27, 2021 01:18 AM IST
The bondholders, who had approached the court in February under the banner of the AT1 Bondholders Association, claim that the sale of bonds was illegal and have asked for Yes Bank to be directed to deposit 160 crore in court, pending a decision in the case.
Sebi also eased norms for the delisting of startups.(MINT)
Sebi also eased norms for the delisting of startups.(MINT)

Sebi eases norms for startups to go public

By Anirudh Laskar, Mumbai
PUBLISHED ON MAR 26, 2021 05:45 AM IST
Currently, startups going public are barred from making discretionary allotments.
Sebi is likely to change the valuation metrics for AT1 bonds in a phased manner in the coming years and, eventually, all perpetual bonds will be valued as 100-year bonds. (MINT)
Sebi is likely to change the valuation metrics for AT1 bonds in a phased manner in the coming years and, eventually, all perpetual bonds will be valued as 100-year bonds. (MINT)

Perpetual bonds may be valued as 10-yr debt instruments now

By Anirudh Laskar, Livemint, Mumbai
PUBLISHED ON MAR 20, 2021 07:11 AM IST
  • Markets regulator had earlier sought to value AT1 bonds as 100-year debt papers with effect from April.
AT-1 bonds are considered perpetual in nature, similar to equity shares as per the Basel III guidelines.(PTI File Photo)
AT-1 bonds are considered perpetual in nature, similar to equity shares as per the Basel III guidelines.(PTI File Photo)

Finance ministry asks Sebi to withdraw directive on tenure of AT1 bonds

PTI | , New Delhi
PUBLISHED ON MAR 12, 2021 10:10 PM IST
Sebi earlier this week issued regulations that put a limit of 10 per cent for cumulative investments by MFs in Tier I and Tier II bonds.
Establishing a cybersecurity fusion centre or a cyber lab is part of Sebi's three-tier structure for monitoring cybersecurity.(PTI File Photo)
Establishing a cybersecurity fusion centre or a cyber lab is part of Sebi's three-tier structure for monitoring cybersecurity.(PTI File Photo)

Sebi mulls cybersecurity fusion centre for securities market

PTI | , New Delhi
PUBLISHED ON FEB 14, 2021 01:38 PM IST
The three-tier structure would strengthen the cybersecurity preparedness or resilience of the entire securities market ecosystem.
Sebi has sought data from exchanges to ascertain any irregular patterns, according to a person with direct knowledge of the matter.(PTI File Photo)
Sebi has sought data from exchanges to ascertain any irregular patterns, according to a person with direct knowledge of the matter.(PTI File Photo)

Sebi extends time for submission of comments on proposal on appointment of MDs

PTI |
PUBLISHED ON FEB 12, 2021 10:49 PM IST
The regulator had on January 27 floated a consultation paper on introduction of provisions relating to appointment / re-appointment of persons who fail to get elected as whole-time directors/managing directors at the general meeting of a listed entity.
Sebi is also looking to devise a methodology and calculation of compensation.(PTI File Photo)
Sebi is also looking to devise a methodology and calculation of compensation.(PTI File Photo)

Sebi plans to introduce framework to compensate investors for technical glitches

PTI | , New Delhi
PUBLISHED ON FEB 10, 2021 05:45 PM IST
  • "Sebi is actively considering a proposal to introduce a framework for ascertaining the incidents of technical glitches where compensation needs to be paid to the investors and to devise a methodology and calculation of compensation," according to the regulator's annual report for 2019-20.
Among other directions, they have been asked to refund the money received from the clients/ investors as fees or consideration.(PTI File Photo)
Among other directions, they have been asked to refund the money received from the clients/ investors as fees or consideration.(PTI File Photo)

Money Plus Research Advisory, proprietor barred from securities market for 2 yrs

PTI | , New Delhi
PUBLISHED ON FEB 05, 2021 09:06 PM IST
The two-year ban will be in place from the date of this order or till the expiry of two years from the date of completion of refunds to investors.
The decision comes even as Biyani’s sale of his businesses to Mukesh Ambani’s Reliance Retail is facing legal challenges from Amazon.com Inc.(Mint)
The decision comes even as Biyani’s sale of his businesses to Mukesh Ambani’s Reliance Retail is facing legal challenges from Amazon.com Inc.(Mint)

Biyani barred for one year on insider trading charges by Sebi

By Anirudh Laskar, Livemint, Mumbai
PUBLISHED ON FEB 04, 2021 06:53 AM IST
Biyani, a pioneer of Indian retail, has also been barred from transacting in securities of Future Retail for two years.
The regulator said there is sufficient reason to believe that the defaulter may dispose of the amounts in the bank accounts and securities in the demat accounts and "realisation of amount due under the certificate would in consequence be delayed or obstructed."(PTI File Photo)
The regulator said there is sufficient reason to believe that the defaulter may dispose of the amounts in the bank accounts and securities in the demat accounts and "realisation of amount due under the certificate would in consequence be delayed or obstructed."(PTI File Photo)

Sebi orders attachment of bank, demat accounts to recover penalty amount

PTI |
PUBLISHED ON FEB 03, 2021 06:18 PM IST
The recovery proceedings have been initiated against Arun Panchariya after he failed to pay 50 crore fine imposed on him by Securities and Exchange Board of India (Sebi) in June 2020.
Under the relaxations, the abridged letter of offer, application form and other issues material to shareholders can be undertaken by electronic transmission as already provided under the ICDR (Issue of Capital and Disclosure Requirements) norms.(PTI File Photo)
Under the relaxations, the abridged letter of offer, application form and other issues material to shareholders can be undertaken by electronic transmission as already provided under the ICDR (Issue of Capital and Disclosure Requirements) norms.(PTI File Photo)

Sebi extends relaxations for compliance with rights issues

PTI |
PUBLISHED ON JAN 19, 2021 07:48 PM IST
Based on the representations received from the market participants, the validity of relaxations is further extended and shall be applicable for rights issues opening up to March 31, 2021, the Securities and Exchange Board of India (Sebi) said in a circular.
Jimmy Tata, the chief credit officer, sold 1,400 shares of the bank held by him in what the lender termed as an "inadvertent trade".(Reuters)
Jimmy Tata, the chief credit officer, sold 1,400 shares of the bank held by him in what the lender termed as an "inadvertent trade".(Reuters)

HDFC Bank penalises its executive for inadvertently selling shares

PTI | , Mumbai
PUBLISHED ON JAN 16, 2021 09:01 PM IST
The panel has determined that there was a violation of the Bank's Code and PIT Regulations and imposed a penalty of 10.20 lakh on Tata.
In September, Sebi came out with detailed guidelines for investment advisers asking them to ensure segregation of advisory and distribution activities at the client level.(PTI File Photo)
In September, Sebi came out with detailed guidelines for investment advisers asking them to ensure segregation of advisory and distribution activities at the client level.(PTI File Photo)

Sebi reduces registration fee for investment advisors

PTI | , New Delhi
UPDATED ON JAN 13, 2021 10:22 PM IST
Now, individuals and firms (partnership) will have to pay 2,000 while applying for an investment advisor certificate. Earlier, they had to cough up a higher amount of 5,000 as application fee, according to a Sebi notification issued on Monday.
The reason behind the migration of trading to NSE was the exchange’s better technology and the absence of legacy issues that had plagued BSE.(AP)
The reason behind the migration of trading to NSE was the exchange’s better technology and the absence of legacy issues that had plagued BSE.(AP)

Regulator to open gate for more market intermediaries

Hindustan Times, Mumbai | By Anirudh Laskar, Mumbai
PUBLISHED ON JAN 07, 2021 01:09 AM IST
Even though NSE has been dominating the exchange business, it has faced several technical glitches, causing unexpected market crashes and losses to investors.
The Securities and Exchange Board of India (Sebi) has sought comments from the public on the discussion paper till February 5.(Reuters file photo)
The Securities and Exchange Board of India (Sebi) has sought comments from the public on the discussion paper till February 5.(Reuters file photo)

Sebi moots new ownership framework for setting up market infrastructure institutions

New Delhi | By Press Trust of India | Posted by Deepali Sharma
UPDATED ON JAN 06, 2021 09:41 PM IST
The watchdog noted that Indian securities market has been characterised by dominant level of market concentration by a single entity in the trading and depository space.
Future Group Founder and CEO Kishore Biyani does not expect any hurdle after the order of the Delhi High Court which has directed the regulators to take an independent call on the issue.(Hemant Mishra/Mint)
Future Group Founder and CEO Kishore Biyani does not expect any hurdle after the order of the Delhi High Court which has directed the regulators to take an independent call on the issue.(Hemant Mishra/Mint)

Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani

New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON JAN 05, 2021 04:17 PM IST
He hinted that the arbitration and the process of completion of the Rs 24,713 crore-deal with Reliance Retail Ventures Ltd (RRVL), subsidiary of RIL would continue in parallel.
Mukesh Ambani, chairman of Reliance Industries Limited.(Reuters/ File photo)
Mukesh Ambani, chairman of Reliance Industries Limited.(Reuters/ File photo)

Sebi fines RIL, Mukesh Ambani

Livemint | By Kalpana Pathak
UPDATED ON JAN 02, 2021 04:08 AM IST
The case pertains to a Sebi order, dated 24 March, 2017, claiming fraudulent trading in the futures and options (F&O) segment of the securities of RPL which was merged with the former in 2009.
BNHL owns and operates 138 Barbeque Nation brand of casual dining restaurants that offer over-the-table barbeque live grills for diners in 73 cities across India, besides seven restaurants overseas.(Photo via Twitter)
BNHL owns and operates 138 Barbeque Nation brand of casual dining restaurants that offer over-the-table barbeque live grills for diners in 73 cities across India, besides seven restaurants overseas.(Photo via Twitter)

Jubilant FoodWorks to buy 10% stake in Barbeque Nation

Livemint | By Suneera Tandon
PUBLISHED ON JAN 01, 2021 06:25 AM IST
The acquisition will offer Jubilant FoodWorks a larger play in India’s organized food services market.
Embassy Office Parks is India’s first publicly listed Real Estate Investment Trust (REIT).(Embassy REIT)
Embassy Office Parks is India’s first publicly listed Real Estate Investment Trust (REIT).(Embassy REIT)

Embassy REIT raises Rs. 36.8 billion (USD 501 million) unit capital through an institutional placement of units

PUBLISHED ON DEC 22, 2020 04:53 PM IST
The institutional placement launched on December 15, 2020, and witnessed strong demand from both existing as well as new institutional investors.
Amazon and Reliance are vying for dominance in India, where the retail market is estimated to touch $1.3 trillion by 2025.(File photo)
Amazon and Reliance are vying for dominance in India, where the retail market is estimated to touch $1.3 trillion by 2025.(File photo)

HC permits Future deal, but no bar on Amazon to oppose

Livemint, Mumbai | By Anirudh Laskar and Deborshi Chaki
PUBLISHED ON DEC 22, 2020 04:19 AM IST
In its ruling, a single-judge bench of the Delhi high court said the 24,713-crore transaction between Future group and Reliance Retail Ventures Ltd did not violate any statutory legal provisions, and both parties were free to seek approval for the deal from regulators.
Cos may launch their IPOs to capitalise on secondary market exuberance, says expert(Mint File Photo)
Cos may launch their IPOs to capitalise on secondary market exuberance, says expert(Mint File Photo)

Foreign inflows, local revival may drive IPO boom in 2021

Mint, Mumbai | By Swaraj Singh Dhanjal
UPDATED ON DEC 18, 2020 05:09 AM IST
Of the 13 companies that went public this year, nine delivered listing gains for investors and some such as Burger King India Ltd and Happiest Minds Technologies Ltd saw share prices more than double on listing day.
The properties to go under the hammer include four office premises and a land parcel in Maharashtra.(REUTERS)
The properties to go under the hammer include four office premises and a land parcel in Maharashtra.(REUTERS)

Sebi to auction properties of Royal Twinkle, Citrus Check Inns on Jan 7

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON DEC 16, 2020 02:48 PM IST
The move is part of Sebi’s effort to recover funds worth thousands of crores of rupees raised by the companies in the garb of sham ‘‘timeshare’‘ holiday plans.
The initial share-sale of Mrs Bectors Food will open on Tuesday for public subscription and close on Thursday.(iStock)
The initial share-sale of Mrs Bectors Food will open on Tuesday for public subscription and close on Thursday.(iStock)

Mrs Bectors Food’s Rs 540-cr IPO to open tomorrow: Here’s what you need to know

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
PUBLISHED ON DEC 14, 2020 09:13 PM IST
Mrs Bectors Food, which had filed preliminary papers for IPO in October, obtained Sebi’s go ahead in November.
Sebi, prima facie, found that Profit Mount and Right Target had collected nearly Rs 41 lakh and close to Rs 44 lakh, respectively, from investors through such services.(REUTERS)
Sebi, prima facie, found that Profit Mount and Right Target had collected nearly Rs 41 lakh and close to Rs 44 lakh, respectively, from investors through such services.(REUTERS)

Sebi bans Profit Mount, Right Target for providing unauthorised services

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON DEC 11, 2020 03:10 PM IST
The direction comes after Securities and Exchange Board of India (Sebi) received complaint against Profit Mount and Right Target, alleging that these are unregistered entities.
The decision has been taken as payment through Application Supported by Blocked Amount (ASBA) mechanism is investor friendly and enables faster completion of the process, Sebi said in a circular.(REUTERS)
The decision has been taken as payment through Application Supported by Blocked Amount (ASBA) mechanism is investor friendly and enables faster completion of the process, Sebi said in a circular.(REUTERS)

Sebi adds new payment modes for call money for partly paid securities

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON DEC 08, 2020 07:44 PM IST
A call, in market parlance, is a demand made by the company on its shareholders to pay whole or part of the balance remaining unpaid on each share at any time during the life time of a company.
According to a November 27 notification issued by the Securities and Exchange Board of India (Sebi) that sought an explanation from BSE, the country’s oldest exchange gave its no-objection certificate to the Future Group companies on November 6.(File photo)
According to a November 27 notification issued by the Securities and Exchange Board of India (Sebi) that sought an explanation from BSE, the country’s oldest exchange gave its no-objection certificate to the Future Group companies on November 6.(File photo)

Sebi seeks clarity on BSE nod to Future, Reliance agreement

By Anirudh Laskar
UPDATED ON DEC 03, 2020 05:58 AM IST
The markets regulator has questioned BSE’s alacrity in clearing the share capital reorganization of Future Group firms, as part of a $3.5 billion acquisition by Reliance Industries Ltd (RIL), despite four unresolved complaints against the deal, including one by Amazon.com Inc.
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