Page 33 - Latest Updates on SEBI
FSDC discusses ways to ease inter-regulatory issues at IFSC-GIFT City
Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman
 "FSDC discusses ways to ease inter-regulatory issues at IFSC-GIFT City")
ED points to insider trading in NSE case, to share info with Sebi for probe
Narain, arrested a few days before the chargesheet was filed, had allegedly conspired with iSec in the tapping case from the beginning
 "ED points to insider trading in NSE case, to share info with Sebi for probe")
Sebi may soon introduce framework on retail algo amid concerns of misuse
Regulator in touch with exchanges, set to accept proposals made in discussion paper
 "Sebi may soon introduce framework on retail algo amid concerns of misuse")
State Bank of India may sell Rs 4,000 crore tier-2 bond next week
Canara Bank raised Rs 2,000 crore worth of AT1 bonds at a rate of 7.99 per cent, taking its total issuance of such bonds so far in the year to Rs 4,000 crore
 "State Bank of India may sell Rs 4,000 crore tier-2 bond next week")
Harsha Engineers' IPO subscribed 2.8 times on Day 1 of bidding process
The institutional investor portion was subscribed 0.06 times, the high net worth individual (HNI) portion by 5.8 times
 "Harsha Engineers' IPO subscribed 2.8 times on Day 1 of bidding process")
SEBI asks pharma companies to disclose details that can impact stock prices
The details that need to be disclosed are new drugs, pending patents, source of raw materials, and new partnerships, among others
 "SEBI asks pharma companies to disclose details that can impact stock prices")
Former Sebi chief Damodaran to head committee to boost PE/VC investments
Finance minister Nirmala Sitharaman in her FY23 budget had proposed to set up the committee
 "Former Sebi chief Damodaran to head committee to boost PE/VC investments")
Sebi mulls farmework for market making to deepen bond markets
With over 98 per cent of corporate bonds being private placements, leading to a shallow secondary market, Sebi is planning to come out with a framework for market-making to help markets become vibrant
 "Sebi mulls farmework for market making to deepen bond markets")
Sebi wants more safeguards for F&O trades to shield small investors
Is against dictating IPO pricing; calls for greater disclosures and transparency
BS Number Wise: The increasing dominance of bank-owned mutual funds
Related entities acting as distributors account for a higher share of assets in such fund houses
 "BS Number Wise: The increasing dominance of bank-owned mutual funds")
Sebi has no business to suggest IPO pricing of new-age tech firms: Chief
She added that there needs to be more disclosures by companies on how valuations have changed between a pre-initial public offering (IPO) placement and the price which is being asked for in the issue
 "Sebi has no business to suggest IPO pricing of new-age tech firms: Chief")
Investors left empty-handed in IndiGo block trade due to slippage
None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage
 "Investors left empty-handed in IndiGo block trade due to slippage")
NDTV pays Rs 10 lakh penalty as directed by SAT in non-disclosure case
In an order dated July 20, SAT had reduced the penalty imposed by Sebi from Rs 5 crore to Rs 10 lakh
 "NDTV pays Rs 10 lakh penalty as directed by SAT in non-disclosure case")
Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO
The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra
 "Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO")
Time to change Sebi rules on advice
If you read Sebi regulations on investment advice, retail algos are illegal products
Time to forge new bonds: Is corporate bond market at an inflection point?
Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep
 "Time to forge new bonds: Is corporate bond market at an inflection point?")
SEBI bans Wishworth Financial Services from securities market for 4 years
Pursuant to the receipt of the complaint, Sebi conducted an examination in the matter and thereafter issued a show cause notice dated January 20, 2022 to the noticees
 "SEBI bans Wishworth Financial Services from securities market for 4 years")
SEBI's SCORES platform disposes of 3,236 complaints in August: Official
Most complaints were pending against research analyst Grovalue Financial Services Pvt Ltd and Trans Financial Services Resources Ltd
It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr
In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months
 "It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr")
Aprameya Engineering files papers with SEBI to raise funds via IPO
Hem Securities Ltd is the sole book-running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE
 "Aprameya Engineering files papers with SEBI to raise funds via IPO")
