Markets watchdog Sebi on Tuesday directed Alternative Investment Funds and their managers to exercise specific due diligence with respect to investors and investments in a bid to prevent circumvention of various laws and ensure compliance with regulatory frameworks. In its circular, Sebi said that AIFs, their managers, and key personnel are required to conduct the … Read more
Dev Accelerator Ltd, which provides flexible office spaces, has filed a draft document with Sebi to launch its initial public offering (IPO) to raise around Rs 125 crore. Dev Accelerator (DevX) is promoted by listed entity Dev Information Technology Ltd. DevX’s IPO is entirely a fresh issue of 2.47 crore equity shares (face value of … Read more
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore. Apart from NSE and Limaye, those who settled the case are — Umesh Jain G. … Read more
The Securities and Exchange Board of India (Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting … Read more
Suzlon Energy has been issued an advisory cum warning letter from both the National Stock Exchange (NSE) and BSE Ltd, regarding non-compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. These warnings are issued in respect to the company’s handling of disclosures related to the resignation of Independent Director, … Read more
Sebi introduced a new asset class for high-net-worth investors (HNIs), allowing them to invest in regulated, higher-risk products. This new offering, known as ‘Investment Strategies,’ sets a minimum investment threshold of Rs 10 lakh and aims to provide a structured alternative to traditional mutual funds. The goal of this product is to expand India’s investment … Read more
SEBI on Monday introduced a new framework called Mutual Funds Lite (MF Lite) to simplify the regulatory environment for passively managed mutual fund schemes. The move is expected to open the door for more entities to enter the mutual fund market by easing some of the existing restrictions. The MF Lite framework reduces the barriers … Read more
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 … Read more
The Securities and Exchange Board of India (Sebi) may introduce a new asset class for investors — Mutual Fund lite. The newest asset class is expected to bridge the gap between mutual funds (MFs) and portfolio management services (PMS). As per a report in Hindu Businessline, the Sebi board is expected to deliberate on the … Read more
Markets regulator Sebi on Wednesday launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to improve and simplify the experience of such investors accessing the Indian securities market. “This cell will focus on direct engagement with Foreign Portfolio Investors (FPIs), and supporting them in accessing the Indian securities market seamlessly,” the Securities and Exchange Board … Read more