Markets regulator Sebi has made the electronic book mechanism mandatory for all private placement debt issues of Rs 20 crore or above and expanded the platform’s scope to include REITs and InvITs. The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider … Read more
Markets regulator Sebi has received the first two applications for a specialised investment fund (SIF) from fund houses and is likely to approve them in 10 days, paving the way for the launch of these new schemes for investors.WHAT IS A SPECIALISED INVESTMENT FUND? An SIF is a new investment product introduced by the regulator. … Read more
To facilitate ease of doing business for Small and Medium REITs (SM REITs), markets regulator Sebi has standardised disclosures in draft scheme offer document and simplified public issue processes for such schemes. In its notification, the regulator has standardised disclosures in scheme offer document by splitting the document into two parts — Key Information of … Read more
The Securities and Exchange Board of India (SEBI) on Tuesday issued an interim order against solar EPC company Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, accusing them of misappropriating hundreds of crores in term loans sanctioned for the purchase of electric vehicles. SEBI’s order lays bare how Anmol Singh Jaggi, … Read more
Capital markets regulator Sebi has joined social media platform ‘X’ with its chairman Tuhin Kanta Pandey launching the official account on Friday. The account goes with the username @SEBI_updates. Sebi, in a disclaimer said, content posted to the social media handle is not a rule, regulation, circular, guideline or statement of the Board, but merely … Read more
Prozeal Green Energy and Gujarat Kidney and Super Speciality Ltd have filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) to raise capital through initial public offerings (IPOs). Prozeal Green Energy IPO Prozeal Green Energy, India’s fourth-largest solar engineering, procurement, and construction (EPC) firm by revenue in FY24, … Read more
In one of his insightful presentations, Mr. Nandan Nilekani highlighted that real estate is the largest asset class in India. Yet, ironically, this massive asset base remains largely outside the realm of monetization, trading, and capital market access. As I discussed in my previous article, “Unlocking Value: Why REITs and InvITs Deserve the Spotlight,” these … Read more
Helmets manufacturer Studds Accessories has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO). This marks the company’s second attempt to go public. Previously, the company had filed draft papers nearly seven years ago. The IPO will be an offer for sale (OFS), with the promoter group and other … Read more
Axis Asset Management Company (AMC), its Trustee, former CEO Chandresh Kumar Nigam and three other individuals have settled with Sebi a case of alleged failures in monitoring the activities of dealers, leading to the front-running of Axis Mutual Fund trades. The settlement also includes former compliance officer Darshan Kapadia, ex-head of equity Jinesh Gopani and … Read more
“When you come and buy, people know that, A) this fund is buying, this person is buying, and half the thing in the market in making money is to be surprised, it is the information asymmetry,” says Sunil Subramaniam, Market Expert.Can you just dissect this news for us, the fact that the threshold limit for … Read more