Tag: Sebi

ICICI Bank responds, seeks settlement through consent: SEBI

Currently, former Supreme Court judge B.N. Srikrishna (Retd) is heading an independent enquiry into the allegations.

September 18, 2018

Sebi extends deadline for FPIs to provide list of beneficial owners

In a relief to FPIs, markets regulator Sebi on Tuesday extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.

August 21, 2018

Sebi amends takeover regulations, buyback norms

Capital markets regulator Securities and Exchanges Board Of India (Sebi) on Thursday approved changes in takeover regulations to extend the time limit for upward revision of open offer price before the start of the tendering period. According to the regulator, the amendments are aimed at simplifying the language, removing redundant provisions and inconsistencies and update …

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June 21, 2018

CBI books Sanjay Gupta, officials NSE, SEBI in co-location case

The CBI on Wednesday registered a case against Sanjay Gupta, owner and promoter of OPG Securities Pvt. Ltd. and others for allegedly manipulating the National Stock Exchange to get the first access to markets when they opened, officials said here. Central Bureau of Investigation (CBI) officials said that the case has been registered against Gupta, …

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May 31, 2018

Fortis: Sebi probes insider trading violation

Regulator Sebi is probing suspected insider trading by some institutional investors and other regulatory lapses at Fortis Healthcare amid a takeover battle and boardroom upheaval at the hospital chain, officials said. Apart from the Sebi probe that also includes investigation into suspected disclosure lapses, the Serious Fraud Investigation Office (SFIO) and registrar of companies are …

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May 23, 2018

SEBI to consider penal action against PNB, Gitanjali Gems

Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said. The markets watchdog last week issued a warning letter to PNB for delaying disclosures to stock …

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May 21, 2018

SEBI allows stock exchanges to extend trading hours for equity derivatives

The Securities and Exchange Board of India (SEBI) on Friday said that it has permitted stock exchanges to extend trading hours for the equity derivatives segment from October 1, 2018. According to a SEBI circular issued on Friday, stock exchanges have been allowed to set their trading hours between 9 a.m. and 11.55 p.m., similar …

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May 4, 2018

Sebi slaps Rs 35 lakh fine on 3 cos in Banas Finance case

Regulator Sebi on Monday imposed a penalty of Rs 35 lakh on three companies for non-compliance with shareholding disclosure and fraudulent trade in the shares of Banas Finance. The Securities and Exchange Board of India (Sebi) has levied a fine of Rs 25 lakh on Anmol Finance Company and Rs 10 lakh jointly on Handful …

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April 30, 2018

Investors can soon submit grievances directly to cos: Sebi

 Investors can soon submit their complaints directly to the listed companies through the SCORES platform, according to Sebi.

March 29, 2018

Fortis to demerge hospitals business into Manipal

Fortis Healthcare has announced plans to demerge its hospitals business (Fortis Hospitals) into Manipal Hospital Enterprises Private Limited (Manipal Hospitals). According to a statement issued on late Tuesday night, the company said that the proposed transaction is subject to shareholders’ approval, creditor’s approval, applicable regulatory approvals (including Competition Commission of India, SEBI, stock exchanges and …

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March 28, 2018

Sebi exempts government from making public offers in six PSBs

Securities market regulator Sebi has “exempted” the central government from making open offers for its proposed acquisitions of additional shares of six public sector banks (PSBs). According to separate “exemption” orders passed by Sebi, the central government will not be required to make open offer to acquire shares in PNB, Syndicate Bank, Vijaya Bank, Bank …

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March 20, 2018

Sebi fines NDTV for disclosure lapses

Securities market regulator Sebi has fined media organisation NDTV, and four individuals for lapses in mandatory disclosure. According to a Sebi order dated March 16, NDTV has been fined Rs 10 lakh. Besides the firm, the regulator has fined — Prannoy Roy, Radhika Roy, Vikramaditya Chandra and Anoop Singh Juneja — Rs 3 lakh each. …

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March 18, 2018

Sebi to auction 11 assets of Pancard, reserve price Rs 260 cr

Looking to recover over Rs 7,000 crore of investors’ money, markets regulator Sebi will next month auction 11 properties of Pancard Clubs and its late CMD at a total reserve price of Rs 260 crore. This is in addition to 22 properties that were auctioned between December and February with a combined reserve price of …

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February 22, 2018

BSE gets SEBI nod for cross-currency derivatives trade

Stock exchange major BSE on Wednesday said it has received approval from the market regulator Securities and Exchange Board of India (SEBI) to trade in multiple cross-currency derivatives with effect from February 28. “BSE has received SEBI approval for introducing cross-currency derivatives (future and options) on pairs such as euro (EUR)-US dollar (USD), pound sterling …

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February 21, 2018

RBI, SEBI need to take cognisance of market volatility: Urjit Patel

Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the apex bank and the market regulator Securities and Exchange Board of India (SEBI) need to be cognisant of the equity market volatility for risk assessement. “In the last few days, there has already been a correction, not only globally but in India. Therefore …

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February 10, 2018

SEBI allows strategic investors to invest up to 25% in REITs, InvITs

Securities market regulator SEBI has eased norms for real estate investments trusts (REITs) and infrastructure investment trusts (InvITs) to raise funds from strategic investors. According to a SEBI circular, REITs and InvITs can invite subscriptions from strategic investors. “The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more …

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January 19, 2018

SEBI eases FPI norms; allows listing of security receipts by ARCs

Markets regulator Sebi on Thursday decided to relax entry norms for foreign portfolio investors (FPIs) willing to invest in the Indian markets. Besides, Sebi would allow listing of security receipts issued by an asset reconstruction company (ARC) on stock exchange platform. This will enhance capital flows into the securitisation industry and particularly be helpful to …

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December 29, 2017