Photo: The Economic Times
Nazara Tech - First Indian Gaming Startup To Enter Dalal Street
Indian investor Rakesh Jhunjhunwala financed Nazara Technologies Ltd - one of India's biggest interactive gaming and sports media companies - became the first Indian gaming technology company to enter the stock market. Though the firm got SEBI’s approval to file Initial Public Offer in 2018, it had filed IPO documents on January 15. Reportedly, Nazara will float 55,43,052 shares equity shares in the market that will be managed by ICICI… read-more
Tags: Nazara, Rakesh Jhunjhunwala, Gaming, SEBI, IPO, Startups
Courtesy: Times Now News
Photo: Bar and Bench
SEBI Fines Mukesh Ambani, RIL With Rs 40 Crore Over Insider Trading
The market regulator SEBI has fined Mukesh Ambani and Reliance Industries Ltd (RIL) with Rs 15 crore and Rs 25 crore respectively against the charges of insider trading. The SEBI said that while divesting 4.1% of its stake in Reliance Petroleum, the RIL first sold it in the futures market and later to the spot marker; hence, qualifying for insider trading. The SEBI also fined two Mumbai-based entities with Rs 30 crore.
Tags: Mukesh Ambani, SEBI, RIL, Mumbai SEZ Ltd, Insider Trading
Courtesy: The Indian Express
Photo: The Hindu
Rs 5-crore Fine On NDTV For Hiding Crucial Financial Details
Stating that NDTV concealed sensitive financial data, SEBI has imposed a Rs 5-crore fine on the media company. The market regulator said that the decision was taken against a 2017 complaints, which had flagged some discrepancies in loan agreements between RRPR Holdings and VCPL that have impact on NDTV's business. However, NDTV on December 30 said that it would file an appeal against SEBI's decision.
Tags: NDTV, SEBI, Fine, Financial Crime
Courtesy: Business Today
Photo: Business Today
SEBI to Impound Bank and Demat Accounts of Mehul Choksi: Gitanjali Gems Case
Securities and Exchange Board of India (SEBI) has decided to confiscate the bank and Demat accounts of Mehul Choksi, the owner of Gitanjali group and the company's executive director Dhanesh Sheth. The decision came in after they failed to pay the fine of Rs 5 crore. The fine was imposed on them for violating norms related to listing regulations. SEBI has barred any debit from their accounts until further… read-more
Tags: Mehul Choksi, nirav modi, SEBI
Courtesy: ANI News
SEBI Bhawan / Wikimedia Commons
SEBI Imposes Rs 10L Penalty Each For SBI, LIC and BOB Over Mutual Funds
Securities and Exchange Board of India (SEBI) has fined SBI, LIC and Bank of Baroda for holding more than 10 percent share in UTI mutual funds and having majority stake in fund houses, promoted by them. They will have to pay a fine of Rs 10 lakh each. These entities hold over 18 percent in each fund houses, violating the amendments of holding norms of 2018.
Tags: SEBI, MUTUAL FUNDS, SBI, LIC, BANK OF BARODA
Courtesy: The Times of India
