Why didn’t Sebi get to bottom of issues raised by Hindenburg, asks Former RBI governor
NEW DELHI: Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? […]
Sebi to auction up to 46 properties of Royal Twinkle, Citrus Check Inns
NEW DELHI: Capital markets regulator Sebi on Tuesday said it has lined up as many as 46 properties of Royal Twinkle Star Club and Citrus Check Inns for an auction on April 6, at a reserve price of over Rs 97 crore. The move is part of Sebi’s efforts to recover funds worth thousands of […]
Sebi impounds Rs 3.9 crore from former CNBC-Awaaz anchor Ghai, family members
NEW DELHI: Sebi on Thursday impounded ill-gotten gains of Rs 3.9 crore from former CNBC Awaaz anchor Hemant Ghai and his family members following a detailed investigation in the matter related to fraudulent trading practices. The detailed investigation by the capital markets regulator revealed total wrongful gains made by them was Rs 6.15 crore, Sebi […]
Mukesh Ambani to appeal against SEBI penalty
MUMBAI: Reliance Industries Limited (RIL) Chairman Mukesh Ambani will appeal against the fine imposed by market regulator SEBI over alleged irregularities in a two-decade-old share issue in the company, the firm said on Thursday. Reliance Industries Ltd (RIL) had issued debentures with convertible warrants in 1994 and allotted equity shares against the warrants in 2000. […]
Auto components maker Rolex Rings Ltd submits IPO papers with Sebi
NEW DELHI: Auto-components maker Rolex Rings Ltd has filed preliminary papers with capital markets regulator Sebi to launch an initial share sale. So far this year, 16 companies have filed draft papers for their respective initial public offers (IPOs) as these firms are expecting to benefit from an equity market which is flush with liquidity […]
Sebi to auction Arise Bhoomi Developers’ properties on April 1
NEW DELHI: Capital markets regulator Sebi will auction properties of Arise Bhoomi Developers and its directors on April 1 for a reserve price of Rs 4.8 crore. The move is a part of Sebi’s effort to recover investors’ money. Arise Bhoomi Developers had mobilised over Rs 8 crore during 2013-14 from the public in the […]
SEBI approves Future-Reliance deal
NEW DELHI: Despite exhortations by Amazon, markets regulator SEBI has approved the deal between Future Group and Reliance Industries. SEBI, in a letter issued on Wednesday, approved the deal subject to a number of conditions in the Composite Scheme of Arrangement. The BSE on its part said that it has no adverse observations on the […]
Sebi to conduct coding test for IT stream on March 14, hire 147 officers
NEW DELHI: Capital markets regulator Sebi, which is in the process of hiring 147 senior officers, will conduct coding test for the information technology (IT) stream on March 14. The phase I and phase II online examinations will be held on January 17 and February 27, 2021 respectively, for the recruitment of 147 officers at […]
Reliance petroleum: SEBI imposes a fine of Rs 15 crore on Mukesh Ambani
NEW DELHI: Commodity market regulator Securities and Exchange Board of India (SEBI) on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for allegedly indulging in manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs […]
Future, Amazon continue fight; write to Sebi over Future-Reliance deal
NEW DELHI:Continuing their letter fight, Amazon and Future Group have written to market regulator SEBI with contrasting requests over a Rs 24,713 crore buyout of assets of India’s second-largest retailer. Future Group has requested SEBI to expedite the review of the proposed deal and issue a no-objection certificate, while Amazon has urged that the review […]
Sebi slaps Rs 50 lakh fine on Farmax India MD for GDR manipulation
NEW DELHI: Markets regulator Sebi on Thursday imposed a fine of Rs 50 lakh on Farmax India Ltd Managing Director Srinivasa Reddy in a matter related to manipulation in issuance of global depository receipts (GDRs) by the firm. Sebi noted that Reddy was part of the fraudulent scheme and arrangement of Farmax India in executing […]
Indigo Paints files papers with market regulator Sebi for Rs 1,000 crore IPO
NEW DELHI: Sequoia Capital-backed Indigo Paints has filed preliminary papers with markets regulator Sebi to raise about Rs 1,000 crore through an initial public offering (IPO). The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 5,840,000 equity shares by private equity firm Sequoia Capital, through its […]
Amazon asks Sebi, bourses to note arbitration ruling on Future-RIL deal
NEW DELHI: E-commerce giant Amazon has written to markets regulator Sebi and stock exchanges, urging them to take into consideration the Singapore arbitrator’s interim judgement that has put on hold the Rs 24,713-crore deal between Future group and Mukesh Ambani’s Reliance Industries Ltd while reviewing the proposed transaction, according to sources. The sources said that […]
Sebi slaps fines worth Rs 65 lakh on 13 entities for manipulative trades
NEW DELHI: Markets regulator Sebi has imposed a total penalty of Rs 65 lakh on 13 entities for manipulating the share price of Jaisukh Dealers Ltd. The Sebi conducted an investigation into the trading activities of Jaisukh Dealers Ltd (JDL) between February 2014 and July 2016 to ascertain the possible violation of PFUTP (Prohibition of […]
Sebi fines Kalpbut Real Estate, directors for illegal fund raising
NEW DELHI: Markets regulator Sebi has imposed a penalty totalling Rs 1.05 crore on Kalpbut Real Estate Ltd and its directors for mobilising funds from investors through unregistered collective investment scheme. Sebi found that Kalpbut Real Estate had mobilised a sum of Rs 15.65 crore as on March 31, 2013 from 2,338 investors under its […]
Sebi disposes of proceedings against Bharti Airtel, Sunil Mittal, 2 others
NEW DELHI:Markets regulator Sebi on Thursday disposed of proceedings against four entities including Bharti Telecom Ltd and Sunil Bharti Mittal, in a matter related to alleged violation of insider trading norms while dealing in Bharti Airtel’s scrip. The order follows an investigation conducted by Sebi in respect of trading of certain entities in the scrip […]