MUMBAI: The Securities and Exchange Board of India (Sebi) has asked Prabhat Dairy to deposit Rs 1,292 crore into an interest bearing escrow account until a dispute is resolved about paying shareholders the proceeds from the sale of an operating unit. Last year in January, Prabhat Diary had sold its subsidiary, Sunfresh Agro, to Tirumala … Read more
NEW DELHI: Markets regulator Sebi on Tuesday decided to introduce a code of conduct for mutual fund managers, including chief investment officer of asset management companies (AMCs). In addition, AMCs have been allowed to become self clearing member, Sebi said in a statement after its board meeting. The board after deliberation, approved the amendment of … Read more
NEW DELHI: Stock brokers‘ association Anmi on Thursday urged markets regulator Sebi to waive the penalty for short margining in all the segments till September 15 as systems are not fully geared for the new mechanism on ‘pledge and repledge’. The new mechanism on ‘pledge and repledge’ came into force from September 1. Under the … Read more