Posts in category Business Standard
Sebi mandates granular disclosure for certain FPIs, prescribes timeline (24-08-2023)
FPIs holding more than 50 per cent of their equity Asset Under Management in a single corporate group will be required to comply with the requirements for additional disclosures
Sebi announces new disclosure requirements for select offshore funds (24-08-2023)
The funds will have 10 days to lower their investment to below 50% to avoid the enhanced disclosures
Mastercard, Binance to end crypto card partnership from September 22 (24-08-2023)
The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange
Sensex, Nifty decline after three days of gains; Jio Financial falls 4.99% (24-08-2023)
Both the Sensex and the Nifty declined over a per cent from the day's highs amid a 2.5 per cent drop in RIL from its intra-day high
Sebi initiates 3rd tranche of distribution of disgorged amount in IPO cases (24-08-2023)
Capital markets regulator Sebi on Thursday said it has initiated the third tranche of distribution of nearly Rs 15 crore to 2.58 lakh investors from the disgorged amount in the matter of IPO irregularities observed during 2003-2005.
The regulator has already distributed Rs 23.28 crore in April 2010 and Rs 18.06 crore in December 2015, according to a release.
The capital markets watchdog has been distributing funds among eligible investors from the money collected by it through disgorgement orders in cases of irregularities in the Initial Public Offerings (IPO).
The regulator had investigated certain irregularities in the shares issued through 21 IPOs during the period 2003-2005 before their listing on the stock exchanges. Following the completion of the investigations, the Securities and Exchange Board of India (Sebi) directed certain persons to disgorge the illegal gains.
Under the chairmanship of former Judge of the Supreme Court of India D P Wadhwa, a committee was set up which
Union Bank prices equity share at Rs 86.55 for QIP; raises Rs 5,000 crore (24-08-2023)
Priced at 5% discount to floor price; another equity offering likely to reduce Govt stake further
Jio Financial Services stock declines 5% for a fourth straight day (24-08-2023)
The sharp drawdown has been on account of selling pressure from exchange-traded funds and global depository receipt holders
Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times (24-08-2023)
Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share
Antfin likely to sell over 3% stake in Paytm via block deal on August 25 (24-08-2023)
Deal is said to be valued at around $234 million
PGIM India MF’s ex-CEO Iyer settles inter-scheme transfers case with Sebi (24-08-2023)
Rajesh Iyer, former CEO of PGIM India Mutual Fund, on Thursday settled with Sebi a case related to flouting of mutual fund rules in executing inter-scheme transfers after paying Rs 16.57 lakh towards the settlement amount.
The order came after Iyer filed an application with the Securities and Exchange Board of India (Sebi) in June to settle the alleged violations under the settlement rules.
"The instant proceedings initiated against the applicant vide Show Cause Notice dated April 13, 2022, are disposed of," Sebi said in its settlement order.
The regulator had initiated adjudication proceedings against Iyer and issued a show cause notice to him in April 2022 after finding a violation of mutual fund rules.
Sebi carried out a thematic inspection on Inter-Scheme Transfers (ISTs) of downgraded debt securities of PGIM India Mutual Fund for the period of August 2018 to February 2019.
In its inspection, Sebi observed that Iyer was the Chief Executive Officer (CEO) of PGIM Mutual fund dur