Market regulator Securities and Exchange Board of India (Sebi) has cleared the indirect acquisition of Shriram Properties by the company’s Chairman and Managing Director Murali Malayappan. Malayappan owns 0.08% of smallcap company Shriram Properties, whose market capitalisation is at Rs 1,874 crore. Among other shareholders are Shriram Group Executives WelfareTrust (SGEWT) which has a 0.14% … Read more
India’s largest stock exchange is awaiting clearance from the securities regulator to proceed with its public listing plans, according to Chief Executive Officer Ashish Kumar Chauhan. The National Stock Exchange of India Ltd., whose initial public offering has faced delays since it initial filing in 2016, needs approval from the Securities and Exchange Board of … Read more
Markets regulator Securities and Exchange Board India (Sebi) is likely to consider increasing the minimum value of each F&O contract from Rs 5 lakh to Rs 25 lakh as part of its strategy to curb speculative trading to protect the retail investors. The agenda is a part of preliminary recommendations by an expert committee on … Read more
India’s market regulator said on Monday charges levied by market infrastructure institutions such as stock exchanges, clearing corporations and depositories should be uniform and not based on volumes. Exchanges often charge a lower fee to brokers if they generate high volumes, contributing to a surge in trading across segments like derivatives. Asking exchanges to stop … Read more
Amid the growing might of Indian financial markets, regulator Securities and Exchange Board of India (Sebi) has launched a free and voluntary online investor certification examination. The certificate exam is developed in collaboration with the National Institute of Securities Markets (NISM). This voluntary certification aims to help investors test their knowledge of markets and investing. … Read more
A stock market trader who was being investigated for insider trading, sent abusive responses to market regulator Sebi, following which he attracted a fine of Rs 20 lakh. Rajat Mishra, the notice in the matter, replied to Sebi in the offensive phrase — “Notice de rxxe ho ya bxxxk mxxxg rxxe ho.” In this regard, … Read more
Market regulator the Securities and Exchange Board of India (Sebi) launched ‘Saa₹thi 2.0‘ mobile app in Mumbai on Monday. The updated Saa₹thi app has introduced a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts, a Sebi release said. It includes financial calculators, and has modules that introduce and explain KYC procedures, mutual … Read more
The Securities and Exchange Board of India plans to ask companies floating draft papers for initial public offering to also make an audiovisual representation of the disclosures in the prospectus. The capital market regulator has sought public comments on the same by April 9. Currently, companies who plan to raise capital through a public issue … Read more
New Delhi: In a move aimed at ensuring ease of compliance and lower costs, Sebi on Tuesday said promoters of companies can give shares to their employees under the Offer For Sale (OFS) through the stock exchange mechanism. At present, shares under OFS are offered to the staff outside the stock exchange mechanism. Based on … Read more
Amid a flurry of activity in the primary market, Sebi chief Madhabi Puri Buch said the regulator will address the issue of exorbitant valuation of initial public offerings Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better … Read more