Present proceedings have emanated from show cause notice dated July 06, 2020 (hereinafter referred to as “The SCN“) issued by the Securities and Exchange Board of India (hereinafter referred to as...
NDTV promoters seek Sebi clarity on conversion of warrants issued to VCPL
The promoter of New Delhi Television Ltd (NDTV), RRPR Holding Ltd, has approached markets regulator Securities and Exchange Board of India (Sebi) seeking clarity on warrants that were issued to VCPL. The company has...
Adani needs Sebi nod to buy stake, says NDTV
Promoters of New Delhi Television Ltd (NDTV) resisted the Adani Group’s takeover bid, claiming a regulatory order prevents them from transferring effective ownership of part of the company’s shares. The television...
Reliance Industries files contempt petition against Sebi before apex court
Reliance Industries has filed a contempt plea against the Securities and Exchange Board of India (Sebi) before the Supreme Court, alleging ‘wilful disobedience’ pertaining to an order of the apex court that had directed...
Sebi orders forensic audit of Future Retail’s financials
The Securities and Exchange Board of India (Sebi) has ordered a forensic audit of the financials of Future Retail, the company told the stock exchange on Thursday. Future Consumer, a subsidiary, said Sebi has written to...
Sebi invites bid for sale of properties of Mega Mould, Remac Realty
Market regulator Sebi has invited bids for the sale of properties of Mega Mould India and Remac Realty India and their promoters as part of their recovery proceedings through the e-auction platform. The bidders are...
Amazon urges Sebi to probe Future Retail
Amazon has written to the Securities and Exchange Board of India, requesting the regulator to investigate Future Retail Ltd (FRL) for what it alleged “material suppression” and “false...
Govt’s 3.5% stake sale plan in LIC gets Sebi approval
The capital markets regulator has relaxed certain requirements for the initial public offering of Life Insurance Corp of India (LIC). The Securities and Exchange Board of India (Sebi) has allowed the government to...
No Sebi, debenture holders don’t need a say in M&As
Debenture holders must approve any move by a company to enter into a merger or acquisition () — this new mandate has been markets regulator Sebi’s response to some non-banking financial companies (NBFCs) in distress...
AMENDMENTS TO SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, IN RELATION TO REGULATORY PROVISIONS ON RELATED PARTY TRANSACTIONS (RPT’S)
SEBI (Securities Exchange Board of India) in its Board meeting held on September 28, 2021, approved the amendments in RPT (Related Party Transactions) framework that were proposed by the Working Group1 ('WG') in January...
Sebi amends delisting rules to make M&A more convenient
Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient. Under the new...
Sebi proposes cap on startup IPO proceeds for mergers and acquisitions
The Securities and Exchange Board of India (Sebi) proposed a limit on the money raised from initial public offerings (IPOs) that startups can use for mergers and acquisitions (M&As) unless takeover targets are...