Friday, November 22

Search Results for: sebi

Mrs. Bector’s Food & Sansera Engineering Get SEBI Nod for IPO

Two companies of two different sectors have received regulatory nods to float initial public offerings (IPOs). Those two companies are biscuit maker Mrs. Bector’s Food Specialties and automotive and aerospace component manufacturer Sansera Engineering. With this approval, SEBI has agreed upon a total of 65 IPO proposals in 2018. However, last year, it had cleared […]

Payment Solution AGS Transact Gets SEBI Nod for IPO

AGS Transact Technologies, a payment solutions provider has received SEBI’s official nod to launch an initial public offering (IPO). The company was recently backed by private equity firms TPG Growth and Actis until a few months ago. The Securities and Exchange Board of India (SEBI) issued final observations to AGS Transact’s IPO proposal on 26 October. […]

Auto Component Maker Craftsman Automation Gets Sebi’s Nod for IPO

Auto component manufacturer Craftsman Automation Pvt Ltd has successfully received capital markets regulator Sebi’s approval for the launch of its initial public offerings (IPO). The firm had filed its draft prospectus with SEBI in June. The two PE backers of the company are Standard Chartered Private Equity and International Finance Corporation (IFC), World Bank’s private-sector […]

HDFC Mutual Fund Gets Sebi Nod For IPO

HDFC Asset Management Company, the country’s largest mutual fund firm, has received Sebi’s go-ahead to float an initial public offer. The company had filed draft papers with Securities and Exchange Board of India (Sebi) in March and received its “observations” on June 22, as per the latest update with the markets watchdog. Sebi’s observations are […]

SEBI To Bring Easy IPO Norms for Upcoming Issuers

Market Regulator, SEBI is gearing up to modify Initial Public Offering (IPO) norms in India making them less arduous for legitimate sellers while putting down on the possible misuse. The revamp includes the inclusion of a broader set of institutional investors such as alternative investment funds (AIF’s) for counting promoter’s contribution in startups, reducing disclosure […]

SEBI sets up Expert Panel to Facilitate Attractive Startups Listing

Market Regulator, The Securities and Exchange Board of India (SEBI) has constituted an expert committee to look into the existing Institutional Trading Platform framework (ITP) to suggest measures that could facilitate the listing of startups. At the same time, SEBI is also examining the possibility of allowing unlisted Indian companies to directly list equity overseas […]

PSU Garden Reach Shipbuilders Receives SEBI Nod for IPO

While the IPO market is still dormant,  Garden Reach Shipbuilders & Engineers has received SEBI’s approval to go ahead with its initial public offering.  According to the latest update, the warship maker has filed a draft red herring prospectus (DRHP) with market regulator on March 26 and had obtained its observations on May 22. Garden […]

SEBI Fines Suzlon Rs 1.1 Crore For Violating Trading Norms

Market Regulator, Securities, and Exchange Board Of India(SEBI) has imposed a fine of Rs 1 crore on turbine maker Suzlon Energy on account of violating trading norms on Friday. The turbine maker has repeatedly failed to disclose private sensitive information required by SEBI’s listing guidelines. Sahil Malik, an Adjudicating officer at SEBI said, I find […]

Indian Market Regulator Sebi will revise rules for Startup Angel Funding

Market Regulator, Securities and Exchange Board of India (Sebi) is planning to increase the maximum investment for angel funds to INR 10 crore while it was previously limited to INR 5 crore. India is going through a rapid change phase, especially concerning startups and funding. Angels investments are growing ever higher every passing week and […]