The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) challenging an appeals court verdict in British alcoholic beverage maker Diageo Plc’s 2012 acquisition of United Spirits Ltd (USL), a...
Nod for Zee-Sony deal violates Sebi order, Axis tells NCLAT
Axis Finance Ltd has told an appeals court that the National Company Law Tribunal (NCLT) approved the Zee-Sony merger in “contravention” of a regulatory order against Punit Goenka, former managing director and...
ICICI Securities to get Delisted – first beneficiary of the new Delisting Regulations by SEBI
In 2021, The Securities and Exchange Board of India (“SEBI”) came out with an alternative delisting route for the listed subsidiary. The circular takes the tedious process of delisting to be simplified at least for the...
Takeover norm violations: SAT sets aside Sebi order against Ambani brothers
The Securities Appellate Tribunal (SAT) set aside the Securities and Exchange Board of India’s April 2021 order that had imposed a penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holdings...
NCLAT turns down Sebi plea seeking to block insolvency of Pancard Clubs
National company law appellate tribunal (NCLAT) has dismissed market regulator Securities and Exchange Board of India’s plea to block insolvency proceedings of Pancard Clubs, as per a court order reviewed by ET. Sebi...
Zee’s plea against Sebi order: SAT adjourns hearing
The Securities Appellate Tribunal (SAT) adjourned the hearing on Essel Group chairman Subhash Chandra and ZEE managing director and CEO Punit Goenka’s plea to Tuesday. The Securities & Exchange Board of India...
HDFC-HDFC Bank merger: HDFC AMC receives Sebi approval to change control
HDFC Asset Management Company (HDFC AMC) received approval from the Securities and Exchange Board of India (Sebi) for a change in its control on account of the amalgamation of HDFC Ltd and HDFC Bank Ltd. “We wish...
Judgement of Hon’ble Supreme on Jurisdictional powers between NCLT (National Company Law Tribunal) and SEBI (Securities and Exchange Board of India)
Hon’ble Supreme Court in their order dated 4th January 2023 decides jurisdictional powers between Securities and Exchange Board of India (SEBI) and National Company Law Tribunal (NCLT) in the matter of IFB Agro...
Sebi advices IHH Healthcare to proceed with open offer to acquire stake in Fortis after Delhi HC’s order
Sebi advised Malaysia’s IHH Healthcare to go ahead with its open offer to acquire 26.1 per cent market share in Fortis Healthcare after obtaining order from the Delhi High Court, the company stated. In November...
SEBI approves Adani Group’s open offer for 26% shares of NDTV
Markets regulator Sebi on Monday approved Adani Group’s open offer to buy an additional 26% stake in broadcaster New Delhi Television Ltd, a takeover attempt that has raised concerns over eroding press freedom in...
Sebi moves Supreme Court against SAT ruling in NDTV matter: Sources
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) against a ruling by the Securities and Appellate Tribunal (SAT) in a matter pertaining to change of control at New Delhi Television...
Sebi gives go-ahead to HSBC AMC’s acquisition of L&T Investment Managers
The Securities and Exchange Board of India (Sebi) has given its go-ahead to HSBC AMC’s acquisition of L&T Investment Managers. The $425-million deal was first announced in December 2021 and received the...