In a move that is aimed at boosting new-age startups and ironing out compliance issues, market watchdog SEBI has signalled a shift from the idea of promoters in listed firms to the controlling shareholders or person in control. The market regulator has also brought in a slew of measures to make it more business-friendly. During …
Adani Power Ltd. (APL)’s proposal to delist its shares from stock exchanges is currently under the scrutiny of the Securities and Exchange Board of India (SEBI). This news comes after the company announced its buyback price last year, approximately 65% less than its publicly traded value. Adani Group claims the deal to be beneficial for …
An Overview India will take six months to establish guidelines permitting companies to list on foreign exchanges, taking longer than some had anticipated as the finance ministry works out tax difficulties as per reports. The delay is expected to dampen the aspirations of investors as well as many Indian entrepreneurs, who pushed Prime Minister Narendra …
16 August 2021 saw the debut of four companies at Dalal Street. To elaborate, Krsnaa Diagnostics, Exxaro Tiles, Windlas Biotech and Devyani International got listed on BSE and NSE. This listing preceded a strong IPO performance. Accordingly, it mounted anticipation on the performance of these stocks following their inclusion in the share market. Let’s look …
An Overview The government will shortly finalise the taxes issues of Indian companies’ overseas stock listings. Finance Minister Nirmala Sitharaman said on Monday that government departments have attended a handful of discussions on tax problems related to offshore listing and that the process had been “basically done.” Market participants have requested an exemption from capital …
Ruchi Soya, owned by Patanjali Ayurved, managed to receive approval from the market regulator to raise Rs. 4,300 crores via a follow-on public offer or FPO. The said follow-on public offer will be launched to fulfill SEBI’s norm of at least 25% public shareholding in a listed company. Here’s more on this development. So, What’s …
Tega Industries has filed DRHP with SEBI to raise around Rs. 700 – 750 crores via an initial public offer. As per its DRHP, the IPO will comprise an offer for sale (OFS) of a maximum of 13,669,478 equity shares by promoters and existing shareholders. Madan Mohan Mohanka, Manish Mohanka, and Wagner Limited will be …
Capital markets regulator SEBI has on Wednesday directed depositories to use blockchain technology to ensure that record keeping of securities is safe and monitored. The distributed ledger technology (DLT), on which blockchain is based, would be used to record and track the credit ratings of NCDs or non-convertible debentures, according to SEBI. The technology would …
On Wednesday, market regulator SEBI (Securities and Exchange Board of India) revised the liquidity enhancement scheme (LES) framework that stock exchanges use to boost volumes. So, under this new rule, stock exchanges will have to get prior approval from their governing board before launching a scheme. SEBI said in a circular that this modification was …
An Overview The Securities and Exchange Board of India (SEBI), the market regulator, has restricted 85 organisations from participating in the capital market for up to a year due to stock manipulation. A banned entity, whose shares were manipulated, and its five directors are among the prohibited entities. For the next year, they are not …
