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 …
An Overview Concerned about the significant shift in trading activity from the cash market to options, the Securities and Exchange Board of India (SEBI) has advised brokers to raise investor knowledge of the hazards of such products, particularly among new entrants. The capital markets regulator is believed to have inquired about the causes for the …
An Overview The SEBI modified the customer-based position thresholds for trading in cross-currency derivative contracts on Tuesday. The maximum number of options or futures contracts that an investor can possess on a single underlying securities is referred to as a position limit. It has been decided to amend the client level position limits, per stock …
T+1 settlement For the markets, the Securities and Exchange Board of India (SEBI) has implemented an optional T+1 settlement period. T+1 denotes that settlements must be completed within one day after the transaction’s completion. The stock exchanges must decide whether they wish to opt for the short trade cycle for any of the listed stocks, …
An Overview In order to make the mechanism more effective, the Securities and Exchange Board of India (SEBI) has urged revising the settlement regulations to parallel them with the specified methods of violations committed by firms. SEBI has recommended revising the timetables and rationalising the cost structure for settlements, which is an application that involves …
