Indian Insurance Industry News & Updates
Sebi gives green light to Jio Platforms IPO, six other public offers
The Securities and Exchange Board of India (Sebi) has given the green signal to Jio Platforms' initial public offering (IPO), clearing the way for Mukesh Ambani-led Reliance Industries' telecom arm to proceed with its fresh-issue IPO.
SEBI proposes merchant banker exemption for small-value private debt issues by eligible listed issuers
New Delhi, [India]: The Securities and Exchange Board of India (SEBI) has proposed exempting certain listed issuers from the mandatory appointment of a merchant banker for small-value debt raised through private placement, citing operational challenges and the need to facilitate market development.
Under the proposal, the exemption would apply to debt securities or non-convertible redeemable preference shares issued through private placement at a face value of Rs 10,000, subject to specified eligibility conditions. The existing SEBI framework requires issuers undertaking such small-value debt offerings to appoint at least one merchant banker.
Sebi bars Debock Industries, promoter for seven years in fraud case
The Securities and Exchange Board of India (Sebi) has barred Debock Industries and its promoter-managing director, Mukesh Manveer Singh, from the securities market for seven years, along with several directors and associates for three to five years, for allegedly orchestrating a large-scale accounting fraud.
Rupee posts weekly gains ending two-week slide
The Indian rupee ended the week on a positive note, snapping a two-week losing streak, and closed at 95.38 against the US dollar on Friday, up 16 paise from the previous session. The rupee recorded a weekly gain of 0.33%, trading within a narrow band between 95.38 and 95.75, helped by central bank intervention, said market participants. Over the past two weeks, the daily movement averaged at 14 paise.
Sebi plans bigger institutional role in public offers by small firms
The regulator is also mulling raising the limit on the size of companies that can list on platforms dedicated to small firms and mandating larger operating profit requirements before listing, the sources, who did not want to be named as the discussions are private, said.
9A, Pocket-B
contact@nurcmedianext.com
+91-9810975257, +91-9958949710
