Page 31 - Latest Updates on SEBI
Sebi board clears proposal to ease delisting norms in boost to M&A activity
Related party transactions' rules tightened to prevent abuse; startup founders get more leeway to retain control
 "Sebi board clears proposal to ease delisting norms in boost to M&A activity")
Solar company Waaree Energy files for IPO, plans Rs 1,350 cr fresh issue
IPO also has OFS component; proceeds from fresh issuance will be used for setting up 2 Gw solar cell unit and 1 Gw solar PV module plant
 "Solar company Waaree Energy files for IPO, plans Rs 1,350 cr fresh issue")
Videocon case: Sebi slaps Rs 75 lakh fine on Venugopal Dhoot, two entities
The fines are for violating insider trading norms
 "Videocon case: Sebi slaps Rs 75 lakh fine on Venugopal Dhoot, two entities")
Sebi board clears frameworks for gold, social stock exchanges
The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities; Sebi board also approves proposal to amend delisting framework after open offer
 "Sebi board clears frameworks for gold, social stock exchanges")
Stent maker Sahajanand Medical Tech files for Rs 1,500 crore IPO
Cardiac stent maker Sahajanand Medical Technologies has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial share sale.
Sebi board meeting today: Here are the important issues on agenda
Will market regulator Sebi take up measures allowing PE players to set up mutual funds at today's board meeting? Will there be a decision on the M&A norms, and special voting rights for startups?
Sebi beefs up risk management norms, asks MFs to appoint dedicated officer
Risk to be divided into two broad categories--scheme-specific and AMC-specific--with further sub-divisions in each
 "Sebi beefs up risk management norms, asks MFs to appoint dedicated officer")
Sebi seeks to hike net worth requirement for brokers as defaults spike
Industry players said the latest proposals will put further pressure on the brokers, who have been grappling with several regulatory changes
 "Sebi seeks to hike net worth requirement for brokers as defaults spike")
Govt intends to complete BPCL disinvestment by March-end: Company chairman
Acquirer will have to make open offers to minority shareholders of Petronet LNG and IGL for 26% shares, costing new owner of BPCL another Rs 19,000 cr
 "Govt intends to complete BPCL disinvestment by March-end: Company chairman")
Metal recycling firm CMR Green Tech files IPO paperwork with regulator
Metal recycling company CMR Green Technologies has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.
 "Metal recycling firm CMR Green Tech files IPO paperwork with regulator")
Markets regulator Sebi cancels registration certificates of two brokers
The brokers were members of NSEL and had facilitated trading in paired contracts on the NSEL platform.
 "Markets regulator Sebi cancels registration certificates of two brokers")
Fertilizer firm Paradeep Phosphates gets regulatory nod to float IPO
The firm is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as di-ammonium phosphate (DAP) and NPK fertilizers
 "Fertilizer firm Paradeep Phosphates gets regulatory nod to float IPO")
Sebi might soon allow PE players to snap up, set up their own AMCs
At present, PE firms are not banned from acting as a MF sponsor, however, the prerequisites make it difficult for them to acquire or run a fund house
Electronics Mart files paperwork for Rs 500 crore initial public offering
Consumer durables retail chain Electronics Mart India Ltd has filed preliminary papers with Sebi to raise Rs 500 crore through an initial share-sale.
Data Patterns files paperwork for IPO; aims to raise Rs 600-700 crore
The firm supplies electronic systems to defence and aerospace sector
 "Data Patterns files paperwork for IPO; aims to raise Rs 600-700 crore")
Foreign investors want Sebi to delay shorter trade settlement plan
Sebi's plan could push foreign investors to upgrade their custodial arrangements, spend more on foreign exchange charges and other costs.
 "Foreign investors want Sebi to delay shorter trade settlement plan")
Sebi's skin-in-the-game norms: Our demands remain unmet, say MF executives
This comes a day after Sebi tweaked the compensation circular, first issued in April, mandating fund houses to pay 20 per cent of the CTC to their key employees in the form of MF units
 "Sebi's skin-in-the-game norms: Our demands remain unmet, say MF executives")
Sebi drops proceedings against RIL in alleged incorrect disclosures matter
Sebi decided not to impose any penalty for the alleged violations
 "Sebi drops proceedings against RIL in alleged incorrect disclosures matter")
Poonawalla Fincorp to clean up by shutting ops in elevated default areas
Adar Poonawalla backs former MD Bhutada, says he hasn't done anything, according to lawyers
 "Poonawalla Fincorp to clean up by shutting ops in elevated default areas")
Sebi fines 8 entities for fraudulent trade in shares of Videocon Industries
Markets regulator Sebi on Monday penalised eight entities for fraudulent trading in shares of Videocon Industries Ltd.
