Jai Anmol Ambani To Pay Fine To SEBI For Irregularities
The Securities and Exchange Board of India (SEBI) has fined Anil Ambani’s son, Jai Anmol Ambani, Rs. 1 crore for alleged irregularities in Reliance Home Finance. In the Reliance Home Finance matter, he failed to exercise due diligence while approving general-purpose corporate loans. Gopal Krishnan, the chief risk officer of Reliance Housing Finance, was also…
abhinav singh
T+0 Settlement Cycle: Check SEBI’s New Guidelines
Yesterday, SEBI announced that the same-day settlement cycle would be launched on March 28 for testing. This beta version will include only 25 stocks and is optional for brokers to participate. SEBI has rolled out this testing phase to ensure that the new settlement cycle is glitch-free and works smoothly after its launch for the…
Vishal Prajapati
FPIs Commanded For the Submission of LEI by SEBI
On July 27, SEBI (The Securities and Exchange Board of India) made a compulsion to submit the LEI (Legal Entity Identifier) details for all the FPIs (Foreign Portfolio Investments). What is LEI? It’s a unique code made of 20 characters which is used to identify various financial entities globally. To date, LEI is only an…
Adani Enterprise Plans To Launch Rs.20,000 Cr. FPO
The Adani Enterprise, a flagship of the Adani Group is expected to start the documentation process with the Securities Exchange Board Of India (SEBI) to file for an FPO (Follow-on public offer) worth rupees 20,000 crores. This FPO is likely to be the largest, succeeding the Yes Bank FPO that raised 15,000 crores in the…
Sumit
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Navi Technologies Gets Approval From SEBI For IPO
Sachin Bansal’s Navi technologies get the nod from the Security and Exchange Board Of India (SEBI) for an Initial Public Offering (IPO), providing the Flipkart co-founder with a boost as he works to create a financial services conglomerate. Navi Technologies is a fintech company that submitted the draft papers to SEBI in March this year…
The Rise and Fall of Chitra Ramkrishna, NSE Chief
Chitra Ramkrishna, a Chartered Accountant by training, was associated with NSE in a leadership position since its inception in 1991. She was also the Managing Director and CEO of the NSE from April 2013 to December 2016. These days Ramkrishna is trending for rise and fall in her career. Look at every detail here. Chitra…
John David
Manyavar, Owner of Vedant Fashion Ltd., Float IPO Next Week
Kolkata-based fashion Ltd, the owner of ethnic wear brands, Manyavar, Mohey and Mebaz, will hit Dalal Street next week with its initial public offering (IPO). The subscription for the public issue will last for four days, starting from February 4 and lasting on February 8. Anchor investment will be able to bid on February 3. …
RateGain And Medplus Among 6 Companies Get IPO Approval By SEBI
Market regulator Sebi has given the green light to six firms, including pharmacy retail chain MedPlus Health Services, travel technology services firm RateGain Travel Technologies, and microlender Fusion MicroFinance, to raise capital through initial public offerings (IPO). Retail wealth management firm Prudent Corporate Advisory Services, private market intelligence platform Tracxn Technologies, and real estate developer…