Tag Archives: Sebi

NEW DELHI: Markets regulator Sebi is looking to expand the definition of qualified institutional buyers (QIB) and remove the 200-investor cap, allowing angel funds to access a broader pool of accredited investors. This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk investments, helping angel funds raise …

MUMBAI: In a setback to Digvijay Gaekwad‘s plans to make a competing offer for Religare Enterprises, the Securities and Exchange Board of India (Sebi) rejected his application on Friday, citing a lack of proof of financial resources and terming the application as frivolous. In his application, Gaekwad, who is a Florida-based investor, had requested Sebi’s exemption from strict enforcement of …

MUMBAI: Florida-based investor Digvijay Laxmansinh Gaekwad, who has shown interest in purchasing Religare Enterprises, will need to appoint a merchant banker to comply with Sebi‘s takeover rules. After that, he will seek the regulator’s approval to make an offer for the New Delhi-based financial services company. This comes after Sebi on Tuesday “returned” Gaekwad’s letter requesting permission to submit a …

New Delhi: Markets regulator Sebi on Friday issued guidelines to revamp the nomination process for mutual fund folios and demat accounts to enhance transparency and minimise unclaimed assets in the securities market.The new norms will come into effect from March 1 and cover a range of measures for investors and regulated entities, including asset management companies (AMCs).Sebi) emphasised that these …

MUMBAI: Ketan Parekh, the infamous market operator who was once jailed for stock exchange-related manipulations, is in Sebi‘s net again. The markets regulator has unearthed a front-running scheme in which Parekh (also nicknamed KP) was one of the main brains. Along with Rohit Salgaocar – a Singapore citizen of Indian origin – KP orchestrated a scheme to front-run the trades …

MUMBAI: Education loan providers Credila Financial Services and Avanse are set to debut on the stock markets, with both companies preparing for IPOs. Credila plans to raise around Rs 5,000 crore, while Avanse aims for Rs 3,500 crore. Both IPOs will include a combination of fresh issues and offers for sale.Credila, formerly HDFC Credila, has confidentially pre-filed its Draft Red …