The directive comes after Sebi received an application from the bank on behalf of its promoter, the Government of Jammu and Kashmir, seeking exemption from the open offer obligation arising under SAST
Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore.
Of this, Rs 3,750 crore will be fresh issue portion and OFS of Rs 2,267.5 crore
Markets regulator Sebi has reduced the minimum application value of REITs and InvITs, and revised trading lot to one unit for these investment instruments to make them attractive for retail investors
SAT dismissed appeals of seven entities, including former promoters, against a Sebi order that barred them from securities market in case of alleged insider trading in Bank of Rajasthan.
The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government
Regulators fail to come up with issues to discuss at FSDC sub-committee meeting this month
Sources said the market regulator is yet to give a go-ahead to the exchange
The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations
Also, the regulator has tweaked the framework with respect to treatment of unclaimed redemption and dividend amounts
Tyagi says the market regulator is examining free float in listed companies
Capital markets regulator Sebi is in the process of issuing a revised risk management framework for mutual fund industry in view of the changes in the industry landscape which will define the roles
Markets regulator Sebi on Wednesday slapped monetary penalty on Viaan Industries Ltd, Shilpa Shetty Kundra and Raj Kundra, for disclosure lapses and consequent violation of insider trading norms.
The framework covers aspects such as roles and responsibilities of trustees, the board, management and even key personnel of asset management companies.
The Sebi chief said the regulator is examining the minimum shareholding and public float at a concept level.
He also rued that banks are accessing capital markets only for their core or Tier-II capital requirements, and need to access the markets more for raising resources for project finance.
The Sebi chief said that the regulator has been active in the efforts to strengthen the market and several reforms are in the pipeline.
SPACs or blank cheque companies are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.
Business Standard brings to you the top headlines on Tuesday