The Securities and Exchange Board of India (SEBI) has issued an administrative warning to JM Financial for regulatory non-compliance during its client Western Carrier’s initial public offering (IPO). The investment banking firm’s shares fell 2.3% to settle at Rs 129.90 on the NSE after it informed the stock exchanges about the SEBI letter on Friday….
The Securities and Exchange Board of India (SEBI), which oversees the capital markets, said on Friday, December 27, that the Indian Commodity Exchange Ltd. (ICEX) had its recognition revoked, officially indicating its departure from the stock exchange industry. Following the withdrawal of ICEX’s recognition more than two years ago, the regulator let the exchange leave…
Technology-driven engineering services and solutions provider Neilsoft has submitted draft documents to capital markets watchdog Sebi to raise money through an IPO. According to the draft red herring prospectus (DRHP) submitted on Thursday, the Pune-based company’s initial public offering (IPO) consists of an offer for sale (OFS) of 80 lakh shares by promoters and other…
The Securities and Exchange Board of India (SEBI) has issued 47 notices and an interim order against Bharat Global Developers Ltd., thus stopping trading in the company’s shares pending further instructions. Additionally, the capital markets watchdog has prohibited the company’s promoters from using the financial markets until further directives. Sebi issued its ruling after reviewing…
The market regulator approved a number of measures on Wednesday to protect investors and make doing business easier, including stricter regulations for listing small and medium-sized businesses (SMEs), stricter checks on insider transactions, stricter standards for merchant bankers, and simpler regulations for investment trusts. The most significant initiatives are related to SMEs, where new regulations…
During its board meeting on December 18, the Securities and Exchange Board of India (Sebi) may accept measures that will impact angel funds, small and medium-sized businesses (SMEs), and the larger securities market through insider trading regulations, IPO regulations, and compliance for registered entities. A proposed revamp of the regulations regulating SME IPOs is one…
According to persons with knowledge of the situation, India’s capital markets regulator is investigating whether the Adani group broke regulations requiring the disclosure of information that moves the market. According to persons who asked not to be named because the information is confidential, the Securities and Market Board of India has questioned stock market officials…
Regarding the proposed additional share acquisitions in HCL Technologies and HCL Infosystems, Sebi on Friday excused promoter Roshni Nadar Malhotra from making open bids. The BSE and NSE list HCL Technologies and HCL Infosystems. The decisions were issued in response to two applications that Roshni Nadar Malhotra submitted to the regulator on September 30th, requesting…
A proposal for diversified ownership of equities clearing corporations (CCs), which are currently entirely controlled by stock exchanges, was made by the Securities and Exchange Board of India (SEBI). To ensure that clearing corporations may function primarily in the public interest and not for commercial reasons, SEBI anticipates that their ownership will be broad-based and…
In order to recoup around Rs69.9 lakh in unpaid debts, market watchdog Securities and Exchange Board of India (SEBI) has ordered the attachment of Venugopal Dhoot’s bank and demat accounts as well as those of Videocon Group promoter Electroparts (India) Pvt Ltd. Electroparts (India) and its CEO, Mr Dhoot, received a notification from SEBI on…