Markets regulator Sebi on Thursday issued operational guidelines for Foreign Venture Capital Investors (FVCIs) outlining procedures for registration, compliance, and investment activities
Also, the Securities and Exchange Board of India has issued operational guidelines for Designated Depository Participants (DDPs).
The guidelines are aimed at helping FVCIs and DDPs transition smoothly to the amended FVCI regime, which will come into effect on January 1, 2025.
Under the guidelines, Sebi has outlined procedures for FVCI registration, compliance, and investment activities and also specified the role of DDPs.
The regulator has set a deadline of March 31, 2025, for all existing FVCIs to engage with a DDP. Failing to do so will restrain FVCIs from making any new investments.
“Existing FVCIs shall engage a DDP, to avail its services for conducting due diligence with respect to continuance of registration as an FVCI, by March 31, 2025.
“Any FVCI failing to engage a DDP by March 31, 20
Posts in category Business Standard
Sebi issues guidelines for FVCIs outlining compliance, registration (26-09-2024)
IT solution provider Mouri Tech files IPO papers to raise Rs 1,500 crore (26-09-2024)
IT solution provider Mouri Tech has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO).
The Hyderabad-based company’s proposed IPO comprises a fresh issue of equity shares worth Rs 440 crore, and an offer-for-sale (OFS) of shares worth Rs 1,060 crore by promoters and an existing shareholder, according to the draft red herring prospectus (DRHP).
The offer includes a reservation for subscription by eligible employees,
Under the OFS, promoters Sujai Paturu, and Anil Reddy Yerramreddy will be selling shares worth Rs 615 crore, and Rs 316 crore, respectively. Further, existing shareholder Srinivasu Rao Sandaka intends to offload equity shares valued Rs 129 crore.
The company may consider raising Rs 88 crore in a Pre-IPO Placement round. If such placement is completed, the fresh issue size will be reduced.
Proceeds from the fresh issue to the tune of Rs 165 crore will be used for debt payment of its subsidiary MT USA an
Swiggy files IPO, aims to raise Rs 3,750 crore through fresh issue (26-09-2024)
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Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore (26-09-2024)
Swiggy’s long-awaited public listing comes amid a booming IPO market, with 198 companies having raised $7.1 billion in the year to Sept.4, more than double the amount for the same period last year
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Sebi cuts listing time to T+3 working days for debt securities issue (26-09-2024)
Sebi on Thursday decided to reduce the timeline for listing of public issue of debt securities to three working days from six days at present, to facilitate faster access to funds.
This new timeline will be optional for the first year and mandatory thereafter.
“It has been decided to reduce the listing timeline in case of public issue of debt securities and NCRPS to T+3 working days from the existing timeline of T+6 working days,” the Securities and Exchange Board of India (Sebi) said in a circular.
The move would help in enabling faster access to funds for issuers.
Also, the move would align the listing timeline in case of the public issue of debt securities and non-convertible redeemable preference shares (NCRPS) with that of non-convertible securities issued on a private placement basis and specified securities.
Further, to ensure ease of compliance for issuers, the listing timeline of T+3 working days will be applicable on a voluntary basis to public issues of debt securities
Biocon signs licensing and supply agreement with Tabuk Pharmaceutical (26-09-2024)
To commercialize its GLP-1 products in MENA region
Netweb receives Intel Partner Award for Outstanding Growth – Data Center & AI Group (26-09-2024)
Netweb Technologies India announced that Intel Corporation has recognized the company with an Intel Partner Award in the category of Outstanding Growth – Data Center & AI Group.