Capital markets regulator Sebi on Monday came out with a new format for abridged prospectus for public issuance of non-convertible debt securities wherein critical information will be provided on the front page of the offer document.
Besides, the issuer or merchant bankers concerned should include a Quick Response (QR) code so that the prospectus can be accessed on scanning the code.
The format has been revised to further simplify and provide greater clarity and consistency in the disclosures across various documents, the Securities and Exchange Board of India (Sebi) said in a circular.
The new format will be applicable for all public issues opening on or after October 1, 2023.
Under the rules, no form of application for the purchase of securities of a company will be issued unless such a form is accompanied by an abridged prospectus.
As per the revised format, an issuer will have to disclose the name as a type of instrument, base size, face value, the option to retain …
Posts in category Business Standard
Sebi brings new format for abridged prospectus for debt securities (04-09-2023)
Bond market optimistic on inclusion in international bond indices (04-09-2023)
The yield on the benchmark 10-year bond remained flat in August and moved in a narrow range throughout the month
Bond market optimistic on inclusion in international bond indices (04-09-2023)
The yield on the benchmark 10-year bond remained flat in August and moved in a narrow range throughout the month
IEX trade volume rises over 13% to 8,865 million units in August (04-09-2023)
Indian Energy Exchange’s total trade volume rose by over 13 per cent year on year to 8,865 million units in August.
The total trade volume of IEX stood at 7,805 million units (MU) as per its data.
“IEX attained 8,865 MU overall volume, including green market trade of 242.3 MU, ancillary market trade of 40MU, 2.53 lakh RECs (equivalent to 253 MU) and 1.03 lakh ESCerts (equivalent to 103 MU),” an IEX statement said.
The overall volume traded during the month increased to 13.3 per cent on YoY (year on year) basis.
IEX achieved 8,469 MU total electricity volume in August 2023, registering an increase of 21 per cent on YoY basis, the statement said.
In August 2023, the country experienced its lowest August rainfall since 1901, resulting in hot weather conditions. This, in turn, led to an unprecedented surge in electricity demand during the month, it explained.
Due to the combination of higher demand and supply constraints, prices on IEX during the month reached Rs 6.89/unit, marking a
Oil stable amid hopes on stable fed rates, Opec+ supply cut expectations (04-09-2023)
Brent crude futures for November crept 5 cents higher to $88.60 a barrel by 1110 GMT. U.S. West Texas Intermediate crude (WTI) October futures rose 2 cents to $85.57 a barrel
Trading volumes spurt amid broader market buoyancy in August (04-09-2023)
Cash ADTV most in 22 months; F&O records fresh high; BSE sees market share gains
360 ONE launches first balanced hybrid scheme in mutual fund space (04-09-2023)
Fund to maintain a minimum 40 per cent allocation in equity and debt
NSE seeks an extension of six months from Sebi to pare NSDL stake (04-09-2023)
Timeline to comply with Sebi regulations ends on October 2
Sebi fines Rs 7 lakh on Shapoorji Pallonji for violating disclosure rules (04-09-2023)
Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for flouting disclosure norms.
In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021.
Also, it failed to submit auditor’s certificate on utilization of funds, half yearly certificate on maintenance of asset cover and annual report to the debenture trustee, the Securities and Exchange Board of India (Sebi) said in its 64-page order passed on Thursday.
Additionally, the company had not updated certain information on its website as required under the Listing Obligations and Disclosure Requirements (LODR) Regulations.
Those details are pertaining to notice of meeting of the board of directors where financial results would be discussed; financial results; complete copy of the annual report after FY 2019-20; information, report, notices, call .
BSE ups share buyback price, fixes record date; stock soars 28% in 4 days (04-09-2023)
BSE announced increase in the buyback offer price from Rs 816 per equity share to Rs 1080 per share.