The Securities and Exchange Board of India (Sebi) has dismissed insider-trading allegations against Pranav Adani and six others, closing a long-running investigation into trades executed ahead of Adani Green Energy Ltd’s (AGEL) announcement of its $3.5 billion acquisition of SB Energy in May 2021. In two separate orders, released on Friday, the regulator concluded that … Read more
Markets regulator Sebi is proposing to overhaul the SME (small & medium enterprises) IPO process through some drastic changes that aim to make the segment safer for investors, increase compliance requirement on companies and also increase the cost these entities to remain listed. Among several proposals in a consultation paper, select ones deal with increasing … Read more
Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go … Read more
The Securities and Exchange Board of India (Sebi) will soon propose relaxing norms for registered investment advisors (RIAs) and research analysts to facilitate more participants entering through the formal route and to curb financial influencer activities. Sebi whole-time member Kamlesh Varshney announced on Friday that the proposal might be introduced by early next week. He … Read more
The Securities and Exchange Board of India (Sebi) on Tuesday released a consultation paper on measures to strengthen index derivatives (futures & options) framework for increased investor protection and market stability. The objective of the proposed measures is to enhance investor protection and promoter market stability in derivatives markets, while ensuring sustained capital formation. Here’s … Read more
In its efforts to crack down on unsolicited stock recommendations and advisors, the Securities and Exchange Board of India (Sebi) has issued warning letters to around 20 unauthorised investment advisors since May. The market regulator’s actions come at a time when it is trying to draw sharp lines between registered advisors and those giving stock … Read more
The Securities and Exchange Board of India (SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group. On Monday, the shares of Adani group companies slid 3% to 5% after Deloitte resigned as auditor of Adani Ports, … Read more
The Securities and Exchange Board of India (SEBI) clarified in the Supreme Court on July 10 that “challenges” presented by it before the six-member Justice A.M. Sapre expert committee in the Hindenburg-Adani allegations case did not emanate from the repeal of the “opaque structure” provisions from the Foreign Portfolio Investors (FPI) Regulations in 2019. The … Read more
The Supreme Court on Wednesday asked Sebi to submit by August 14 the status of probe into Hindenburg’s allegations of stock price manipulations against Adani group companies but refused to convert the court proceedings into a roving inquiry, including investigations into the alleged role the LIC, which had invested a substantial amount in Adani companies. … Read more