To deepen the corporate bonds market, Sebi today came out with a proposal that will require large corporates to raise 25 per cent borrowings through this route from next fiscal.
Markets regulator Sebi today said it has invited next week four companies, including PACL Ltd, for a preliminary discussion with regard to their proposals for the properties belonging to the group.
Sebi today barred Assda Agro Projects Ltd (AAPL) and its seven directors and promoters for at least four years from securities market and ordered them to refund the money collected from investors for unregistered public issue.
Chartered accountants' apex body ICAI has set up an expert group to study the proposals made by regulator Sebi for regulating fiduciaries in the securities market.
Sebi has assured the Mauritian govt that it will not prepare a list of "high-risk jurisdictions" to monitor capital flows from such nations with greater scrutiny.
An acquisition following a scheme of arrangement not involving the target company would be exempt from open offer obligation in case the cash and its equivalent is less than 25 per cent of the total consideration paid in the scheme, according to Sebi.
Engineering and medical entrance test preparation company Aakash Education Services today filed draft papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering.
Moving ahead with its efforts to recover funds worth Rs 60,000 crore in the PACL case, Sebi has decided to put on sale as many as 28 vehicles owned by the company.
Sebi has banned Merlin Agri Projects India and its 13 directors from the securities market for at least four years and directed them to refund the money collected from investors without complying with the public issue norms.
Sebi will auction six properties of HBN Dairies & Allied Ltd next month for a reserve price of Rs 154 crore.