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InCred Holdings, the parent entity of NBFC InCred Financial Services, has filed confidential draft IPO papers with markets regulator Sebi, seeking to raise Rs 3,000–4,000 crore, PTI reported citing people familiar with the matter.In a public statement issued on Sunday, the company confirmed PTI that it had submitted “the pre-filed draft red herring prospectus with…
Markets regulator Sebi has warned investors against putting money into digital or e-gold products, cautioning that such instruments fall outside its regulatory framework and carry significant risks, PTI reported.The advisory follows Sebi’s observation that several online platforms have been promoting “digital gold” or “e-gold” as a convenient alternative to physical gold, without disclosing that these…
Mumbai: Sebi chairman Tuhin Kanta Pandey on Thursday said that the regulatory body doesn’t decide the price at which a company offers its shares in a public offer, and it’s the market that decides the share price. This has been the regulator’s stance for years. Recently, there was a huge social media uproar over Lenskart’s…
Mumbai: To combat the growing instances of online investment-related scams, markets regulator Sebi on Thursday said it has reached out to major social media platforms and internet search engines to put in place robust mechanisms to prevent misuse of their platforms. Lately Sebi has doubled down on its efforts to make it safer for existing…
Markets regulator Sebi has proposed a major revamp of the certification framework for securities market professionals, aiming to expand participation and upgrade skill standards in line with evolving market needs.In a consultation paper released on Thursday, Sebi suggested broadening the definition of “Associated Persons” to include not only those employed by intermediaries and regulated entities…
MUMBAI: Markets regulator Sebi will not ban weekly derivatives contracts that have emerged as one of the most traded contracts in the country but will bring in changes to the futures & options (F&O) segment in a calibrated manner, Sebi chairman Tuhin Kanta Pandey reiterated his stand on the issue on Friday.Over the last few…
MUMBAI: Markets regulator Sebi is investigating the four-and-half-hour trading disruption on MCX, the biggest commodities derivatives exchange in India, on October 28 that delayed the start of operations. If it finds faults with the exchange’s systems, MCX could face a monetary penalty.“Sebi has started an investigation into the same (trading halt on MCX),” a source…
Markets regulator Sebi on Thursday issued fresh guidelines directing stock exchanges to realign eligibility norms and composition criteria for derivatives on non-benchmark indices such as Bankex, FinNifty, and BankNifty.According to the circular, exchanges will need to revise the composition and weights of these indices within specified timelines, PTI reported. The adjustment for Bankex and FinNifty…
Asset management companies (AMCs) will have to upgrade their internal systems and workflows to keep investors informed at every stage of the KYC process. (AI image) The Securities and Exchange Board of India (SEBI) has proposed changes in the Know Your Client (KYC) verification process for new mutual fund investors. The market regulator wants to…
The government is planning to sell a stake worth $1–1.5 billion (Rs 8,800–13,200 crore) in Life Insurance Corporation of India (LIC) by the end of this year, people aware of the discussions told ET. The move is aimed at increasing the insurer’s public shareholding to 10% — the level required under Securities and Exchange Board…
