Photo: Money Life
Ex NSE MD Chitra Ramakrishna Questioned By CBI Over NSE Controversy
The CBI issued look out notice to Chitra Ramakrishna, ex chairman of National Stock Exchange (NSE), on February 18. Later, she was questioned by CBI over allegations of sharing internal information of NSE with her spiritual guru, with whom she is traveling to Himalayas. The investigation came after the recent SEBI orders alleging government lapses in the appointment of Anand Subramanian as the chief strategic advisor of the NSE.
Tags: SEBI, Chitra Ramakrishna, NATIONAL STOCK EXCHANGE, Mumbai, CBI
Courtesy: Live Mint
Photo: India.com
Life Insurance Corporation To Soon Open Largest IPO In India; Get Details Here
Indian government's Life Insurance Corporation (LIC) will sell 5% of its stake in 316.25 million shares, in the initial public offering. In addition, The company could become India’s most valuable listed company after listing on the stock exchanges. Also, policyholders and employees may get a discount compared to the price offered to the public. Notably, LIC possesses a total equity base of 6.32 billion shares.
Tags: business, India, LIC, SEBI, IPO
Courtesy: The Indian Express
Photo: Edelweiss
Govt Likely To Defer LIC's IPO For Next Financial Year
The government may defer the announcement of Life Insurance Corporation's (LIC) initial public offering (IPO) in the current financial year ending March 2022. Reportedly, there are lots of preparatory work pending and the valuation of the state-owned life insurer will also take more time. Following the valuation, regulatory processes will start so it is unlikely that the IPO will take before the year ends, reported Business Today… read-more
Tags: LIC, IPO, FY22, SEBI, IRDAI
Courtesy: Business Today
Photo: Business Today
NYKAA 'IPO' Fully Subscribed Within An Hour Of Opening
The Initial Public offering (IPO) of Nykaa, with a price band of 1,085-1,125 rupees per share has been open for public subscription on October 28. As per reports, on day one of its bidding, Nyka IPO has been totally booked within an hour, with a subscription of 0.19 times, and the retail portion booked with 1.02 times. The shares of the company issued is worth Rs 630 crores.
Tags: Nykaa, IPOs, India, SEBI, Indian Stock Market
Courtesy: LiveMint
Photo: Republic World
SEBI Allows MobiKwik To Launch IPO & Raise Rs 1,900 Cr Capital
Securities and Exchange Board of India (SEBI) has reportedly granted its approval to MobiKwik, a mobile wallet, to launch an IPO. Reportedly, the company will raise the capital up to Rs 1,900 core through the IPO of which Rs 1,500 crore would come from new shares and Rs 400 crore from the offer for sale (OFS). The company will use the money to fund its organic and inorganic growth.
Tags: IPO, Mobikwik, SEBI, Share
Courtesy: Mint
Photo: Business Standard
Baba Ramdev's Ruchi Soya To Raise Rs 4,300 Crore Funds
In order to raise a fund of Rs 4,300 crore, oil company Ruchi Soya owned by Baba Ramdev has filed a draft document with SEBI to initiate FPO. However, to meet the SEBI norms of minimum public shareholding of 25 percent the FPO is being filed. Besides, the authorities have also approved to raise funds through equity share and price closed at Rs 1,242.35 apiece over BSE on June 11.
Tags: Patanjali, Baba Ramdev, SEBI, Ruchi Soya
Courtesy: Business Standard
Photo: iPleaders Blog
Fund Houses Must Contribute To LPCC As Per FY21 Asset Under Mgmt: SEBI
Securities market regulator SEBI has urged the fund houses to contribute to Limited Purpose Clearing Corporation (LPCC) in a newly revised formula framed in FY 2020-21. Reportedly, the contributions now includes assets in conservative hybrid funds while excluding assets in gilt funds and overnight funds. Earlier, the formula was in accordance to the rules framed in FY 2019-20. Notably, contributions to LPCC improves liquidity in corporate… read-more
Tags: SEBI, Companies, Corporate Debt Securities Market, Funds
Courtesy: Mint
Photo: Bloombergquint
SEBI Encourages Startups' Listings By Easing Eligibility Rules
To bring more start-ups into stock market, SEBI has eased the eligibility rules by bringing necessary amendments. Easing the delisting process, the regulator has provisioned that promoters or acquirers will have to disclose intention of delisting by making public announcements. Besides, slashing the time period for pre-issue shareholders to 1 year from 2 year, SEBI increased the pre-issue shareholding of 'Innovators Growth Platform investors… read-more
Tags: SEBI, Stock market, start-up business, De listing
Courtesy: Money Control
Photo: The Economic Times
Kalyan Jewellers To Go For Rs 1,175 Cr IPO Launch From March 16-18
India's biggest jewellery group Kalyan Jewellers plans for an Initial Public Offering during March 16-18. Reportedly, the price cap of shares has been set at Rs 86-87, along with a total share sale of Rs 1,175 crore. While capping 50% and 35% of the total issues respectively for institutional buyers and retail investors, Rs 20 million have been reserved for eligible employees. Currently, Kalyan Jewellers has over global 100 showrooms clocking… read-more
Tags: Kalyan Jewellers, IPO, SEBI, Stock market, Indian Stock Market
Courtesy: Your Story.Com
Photo: Scroll.in
Franklin Templeton AMC Gets Show Cause Notice From SEBI
After uncovering the details under a forensic audit report, Franklin Templeton Asset Management Company (AMC) and its trustees received a show-cause notice from SEBI. Reportedly, forced to shut six debt schemes owing to financial pressure, the regulator alleged the company of not protecting investor's rights. Besides, SEBI barred the company from the securities market. Currently, the Supreme Court has directed SBI mutual fund to liquidate the… read-more
Tags: SEBI, Asset management, Debt Scheme
Courtesy: The Economic Times
