Around 23.7 million equity shares representing 4 per cent of total equity of Sona Comstar changed hands on the NSE this morning, the exchange data shows.
Posts in category Business Standard
Gold price dips Rs 110 to Rs 60,490, silver falls Rs 400 to Rs 72,600 (31-05-2023)
The price of ten grams of 22-carat gold declined Rs 100 to Rs 55,450
Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds (31-05-2023)
Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday’s trading session
Stock Market Live: Sensex dips 200 pts, Nifty below 18600; RIL, SBI drag (31-05-2023)
Stock market live updates: At 7:15, the SGX Nifty futures were down around 30 points at 18,680
Nifty FMCG index likely to face stiff resistance at 51,000 (31-05-2023)
Meanwhile, charts suggest that the Nifty Metal index too may be due for a reversal or consolidation, says Ravi Nathani, an independent technical analyst.
Sebi levies penalty of Rs 40 lakh on 8 entities for non-genuine trades (30-05-2023)
Capital markets regulator Sebi on Tuesday levied fines totalling Rs 40 lakh on eight entities for indulging in non-genuine trades in the illiquid stock options segment on BSE.
The regulator slapped a fine of Rs 5 lakh each on Sunbright Commodities Trade, Sunita Gupta, Ecospace Distributors, Fendra Infrastructure, Fastglow Distributors, Fort Gloster Industries, Flute Developers and Franklin Leasing and Finance Ltd.
The Securities and Exchange Board of India (Sebi) had observed large-scale reversal trades in the illiquid stock options segment on BSE, leading to artificial volumes on the exchange.
The regulator conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015.
According to Sebi, these eight entities that have been fined on Tuesday were among those who indulged in the execution of reversal trades.
The reversal trades are alleged to be non-genuine in nature as they are executed in the normal course of ..
Sebi posts guidelines for Investor Protection Fund, Investor Services Fund (30-05-2023)
Capital markets regulator Sebi on Tuesday came out with exhaustive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) maintained by stock exchanges and depositories.
The detailed guidelines are about the constitution and management of the IPF, contribution to IPF by exchanges as well as depositories, and utilization of IPF.
In addition, Sebi has issued a detailed Standard Operating Procedure (SOP), indicating the process and timelines for the declaration of default of a trading member (TM), processing of investor claims out of IPF, and review of claims, according to a circular.
About the constitution, Sebi said that all stock exchanges and depositories will have to establish an IPF. The IPF of the stock exchange and depository will be administered through separate trusts created for the purpose.
The IPF Trust of the stock exchange and Depository will consist of five trustees — three Public Interest Directors, one representative from the investor …
Amfi to form ethics panel to curb misconduct in asset management companies (30-05-2023)
The proposed ethics committee of Amfi, a nodal association of mutual funds in the country, is envisioned to be able to take action on a self-regulatory basis against individuals
New TER structure in co-creation stage: Sebi chief Madhabi Puri Buch (30-05-2023)
Regulation is in a co-creation stage with the industry and urged fund houses to share relevant data with the regulator, says Sebi chairperson
Noida-based IKIO Lighting’s IPO to kick off on June 6; check details here (30-05-2023)
The initial share-sale of LED lighting solutions provider IKIO Lighting Ltd is set to open for public subscription on June 6.
The three-day initial public offering (IPO) will conclude on June 8. The bidding for anchor investors will open on June 5, according to the red herring prospectus (RHP).
The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters — Hardeep Singh and Surmeet Kaur.
Proceeds from the fresh issuance worth Rs 50 crores will be used for debt payment, Rs 212.31 crore will be used in the company’s wholly-owned subsidiary, IKIO Solutions, to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes.
IKIO Lighting is a manufacturer of light-emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures,s and supplies products to customers who then further distribute these products under its