Eversource Capital in Talks to Takeover BluSmart for ₹850 Cr
Blusmart, an Indian ride sharing company is in advanced talks to get acquired by Eversource Capital for ₹850 crore with a non-binding offer by investment firm and expected to take up a final decision within next two weeks. BluSmart is one of the largest Indian ride sharing companies with a vast network that had …
abhinav singh
Tuhin Kanta Pandey Appointed As 11th Chairperson Of SEBI
The government of India has appointed Tuhin Kanta Pandey as the new Chairperson of the Securities & Exchange Board of India (SEBI). Pandey, currently working as the Finance Secretary, will take over the role for a three-year term, succeeding Madhabi Puri Buch, who will also complete three years of tenure as SEBI’s first woman chairperson…
Suryansh
SEBI Rejects ZEE’s Punit Goenka’s Settlement Offer
The market regulator SEBI (Security and Exchange Board of India) rejected the settlement application of Zee Entertainment Enterprises CEO Punit Goenka. It released an adjudication order on Thursday, Jan 2, 2025, stating that a new SCN (Show-Cause Notice) will be issued. The regulator previously issued an SCN on July 6, 2022, to entities following allegations…
Himanshu
SEBI Tightens SME Listing Regulations, Widens UPSI
SEBI (Securities and Exchange Board of India) tightened the SME (Small Business Enterprise) listing regulations on Wednesday, Dec 18, 2024. It also approved an overhaul of investment banking regulations and expanded the definition of UPSI (unpublished price-sensitive information). In addition to that, it gave the green signal to reforms, making it easier for Debenture Trustees,…
ABHYUDAYA MITTAL
Leadership Shakeup: Embassy REIT CEO To Be Suspended
Capital markets regulator SEBI (Securities and Exchange Board of India) directed EOPMSPL (Embassy Office Parks Management Services Pvt Ltd) to suspend its CEO (Chief Executive Officer), Arvind Maiya. An interim CEO will be appointed immediately in place of Arvind Maiya, according to SEBI. Currently, the SEBI has imposed a Rs 50 lakh penalty on Arving…
Vipin
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…
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…
Yash Sharma
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…
- 1
- 2
