E-commerce giant Amazon has written to markets regulator Sebi and stock exchanges, urging them to take into consideration the Singapore arbitrator’s interim judgement that has put on hold the Rs 24,713-crore deal...
China’s Fosun-owned Gland Pharma gets Sebi nod for proposed ₹6,000 cr IPO
Gland Pharma Ltd, which is majority-owned by China’s Fosun group, has received the Securities and Exchange Board of India’s (Sebi) approval to go ahead with its proposed ₹6,000 crore IPO, a person aware of the...
IIFL Wealth exits advisory business post Sebi circular
IIFL Wealth Management Ltd has exited its investment advisory business on 1 October, following a circular from the Securities and Exchange Board of India (Sebi) asking companies to cease offering advisory and...
Sebi vets ABB Power offer price, valuation
ABB Power Products and Systems India Ltd’s plan to buyback shares worth ₹917 crore through an open offer has attracted the scrutiny of the markets regulator after complaints by a section of minority shareholders, said...
NSE may get Sebi relief on 37% stake sale in CAMS
The National Stock Exchange (NSE) could get some relief from the capital market regulator on the decision to sell its stake in Computer Age Management Systems (CAMS) within a year, said two people with the direct...
Allcargo gets Sebi nod to launch open offer for stakebuy in Gati
Allcargo Logistics on Wednesday said it has received markets regulator Sebi’s approval to launch an open offer to acquire an additional 26 per cent equity stake in logistics firm Gati. On completion of the open...
Sebi directs NSE to divest entire 37% stake in CAMS
The market regulator has asked the National Stock Exchange (NSE) to divest its complete stake in its associate company Computer Age Management Systems (CAMS), said two people privy to the development. In a letter dated...
Allcargo’s open offer to buy stake in Gati under Sebi lens
The Securities and Exchange Board of India (Sebi) has sought clarifications on Allcargo Logistics Ltd’s proposed acquisition of Gati Ltd, amid a court dispute over ownership of the shares within Gati’s promoter family...
Lack in compliance with SEBI norms to likely trigger DMart promoters sell this much stake
Hypermarket chain DMart promoters are likely to pare stake of around 5.2 per cent stake in the company through block deal this month. This comes around five months after promoter Radhakishan Damani had sold 0.98 per...
No due diligence, Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC
Markets regulator Sebi has imposed a total penalty of Rs 5 lakh on ICICI Prudential Trust and ICICI Prudential Asset Management Company for not exercising due diligence while making investment decisions. The matter...
RIL acquisition of Network 18 Media: Sebi says no open offer needed involving IMT
The Securities and Exchange Board of India said on Friday that Reliance Industries’ acquisition of Network 18 Media & Investments (NW18) through Independent Media Trust does not trigger an open offer and reiterated...
RIL-Network 18 deal: Tribunal asks Sebi to pass order by November 30
The Securities Appellate Tribunal (SAT) on Thursday asked markets regulator Sebi to pass an order by the end of November in the matter of Reliance Industries’ acquisition of Network18 Media & Investments...