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Four entities belonging to the Dabur’s Burman family have made an open offer to the Public Shareholders of Religare Enterprises Ltd (REL) to acquire upto 26% of the Expanded Voting Share Capital of REL at ₹235 ler share. The company’s share on the BSE was trading at ₹264 a piece at 9.30 am. The Open Offer…
The logo of the Securities and Exchange Board of India is pictured on the premises of its headquarters in Mumbai, India. | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) has levied penalties totalling ₹55 lakh on 11 entities for indulging in non-genuine trades in illiquid stock options segment on the Bombay Stock…
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The story so far: On August 25, markets regulator Securities and Exchange Board of India (SEBI) floated a consultation paper proposing regulations to restrict the association of SEBI-registered intermediaries or regulated entities with unregistered ‘finfluencers.’ Other than undertaking enforcement action against the unregistered ‘finfluencers,’ the paper proposed measures to “disrupt the revenue model for such…
Read More “Why is SEBI tightening norms for ‘FinFluencers’? | Explained” »
Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company (File) New Delhi: Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure norms. In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the…
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The clean chit has been given to a company run by former Mumbai police commissioner Sanjay Pandey. New Delhi: The CBI has given a clean chit to former Mumbai police commissioner Sanjay Pandey’s company as well as officials from the market regulator and the stock exchange in a case of alleged irregularities in the audit…
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Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements | Photo Credit: Reuters Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number…
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Soon after a new Ministry to look after the cooperative sector was formed in 2021, the corridors of its old offices at Krishi Bhavan in Delhi’s Central Secretariat were filled with thousands of letters and postcards. Many handwritten, they had to be stuffed into gunny bags. All had the same request: a refund from the…
Read More “In Sahara saga, small investors find a new hope” »