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 […]

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 […]

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 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 […]

No compulsion to invest in mid/small caps; be ‘true to label’: SEBI

NEW DELHI: As the market regulator’s recent change in norms regarding constitution of multi-cap funds continues to cause some discomfort among mutual funds, SEBI Chairman Ajay Tyagi on Tuesday said that the regulator is not forcing anyone to invest in mid or small cap companies, as it has only asked fund houses to keep their […]

Sebi shortlists Bharti Airtel, Wipro, others to revamp IT infra network, communication systems

NEW DELHI: Markets regulator Sebi has shortlisted eight companies including Bharti Airtel, Wipro and Tata Communications to revamp its IT infrastructure network and communication systems. The other shortlisted companies are — Hewlett Packard Enterprise India, IBM India, NTT India, Orange Business Services India Technology and Sify Technologies. The Securities and Exchange Board of India (Sebi) […]

Brokers body seeks Sebi,Finance Ministry of intervention as Franklin closes 6 Mutual Fund schemes

NEW DELHI:Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance’s intervention to protect investor interest. FTMF stunned all by deciding to shutter operations of six schemes […]

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