On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company
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Sebi extends deadline till Mar 15 to submit comments on REITs, InvITs (09-03-2023)
Capital markets regulator Sebi on Thursday extended the timeline till March 15, for submission of public comments on a proposal pertaining to higher responsibility for sponsors of investment vehicles — REITs and InvITs.
The regulator had put in place a consultation paper on holding of sponsors in Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) on February 23 and sought public comments on the same by March 8.
“It has been decided to extend the timeline for submission of comments to March 15, 2023,” the Securities and Exchange Board of India (Sebi) said in a public notice.
In its consultation paper, the regulator proposed changes to rules governing REITs and InvITs whereby sponsors will be required to own a certain percentage of units in these investment vehicles.
The changes were proposed keeping in mind the interest of unit holders and the structural vulnerabilities associated with absence of a sponsor for REITs and InvITs.
The watchdog suggested
Stock of this electric bus manufacture has zoomed 68% in 10 trading days (09-03-2023)
In the past three trading days,Olectra Greentech has rallied 24% after EVEY received two Letter of Awards from the Telangana State Road Transport Corporation for 550 Electric Buses
Treasury yield curve inverts: What it means and what does it signal? (09-03-2023)
Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future
SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma (09-03-2023)
In November 2022, SeQuent had announced the acquisition of Tineta Pharma for Rs 218 crore but the said transaction has not materialised
NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook (09-03-2023)
Power demand will continue to grow from January to June owing to summer demand
Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook (09-03-2023)
The company said that the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sectors
Cryptocurrency under PMLA: What changes for those investing in VDAs now? (09-03-2023)
Cryptocurrency news: If found guilty under PMLA, the person who committed money laundering can be awarded rigorous imprisonment for a minimum of three years up to seven years, with a fine
Gokaldas Exports dips 4% after 13% equity changes hands via block deal (09-03-2023)
Till 09:23 AM, roughly 8.15 million equity shares, representing 13.5 per cent of the total equity of Gokaldas Exports, had changed hands on the NSE
Top headlines: India faces high power cut risks, Apple to focus on India (09-03-2023)
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