Mumbai: The joint venture between Mukesh Ambani-owned Jio Financial Services and BlackRock, the world’s largest asset manager, for starting a mutual fund business in India has received the Securities and Exchange Board of India’s in-principle approval, according to an exchange filing on Friday. The capital markets regulator gave the nod on October 3, said Jio … Read more
Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of vehicle finance and business loan-focused non-bank lender SK Finance. Without disclosing the reason, Securities and Exchange Board of India (Sebi) said “issuance of observations (has been) kept in abeyance” with regard to the IPO of SK Finance, an updated showed on … Read more
New Delhi: Capital markets regulator Sebi on Thursday proposed to increase the threshold to at least Rs 500 crore from the current Rs 100 crore for the outstanding long-term borrowings for identifying any entity as ‘Large Corporates’ (LC). In addition, it has suggested discarding the requirement of credit rating as a criterion for identifying an … Read more