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Karvy invoked the pledge as the firm defaulted on payment of instalments. This took its shareholding in the company to 55.56 per cent, thereby breaching the threshold of 25 per cent as stipulated under SAST norms.
In a related appeal filed by Franklin Templeton on its winding up six mutual fund schemes, the apex court had on Wednesday delivered a key verdict holding that the trustees are required to seek consent of majority unit-holder
According to the company, the listing of the equity shares will enhance its visibility and brand image and will provide liquidity to shareholders. Also, it will provide a public market for equity shares in India.
The apex court's judgement came on pleas, including the appeal filed by Franklin Templeton, against the Karnataka High Court order restraining the company from winding up its six of mutual fund (MF) schemes without obtaining
Of the total, Rs 40,432 crore was raised by infrastructure investments trusts (InvITs) and Rs 14,300 crore by real estate investment trusts (REITs) in 2020-21, data released by Sebi showed on Wednesday.
The Initial Public Offer (IPO) comprises fresh issuance of equity shares worth Rs 1,500 crore and an offer for sale of up to Rs 400 crore by promoters and existing shareholders, according to the Draft Red Herring Prospectus (
"SEBI bars Allegro Capital, its CEO over insider trading in Biocon shares - Crazy logic. What does MSMF have to do with Biocon? The officer concerned needs to explain her convoluted hypothesis. SEBI needs to act rationally in
In addition, it has suggested for relaxations with respect to the quantum of sweat equity shares that can be issued by new-age companies listed on the Innovators Growth Platform, according to a consultation paper issued by Se
The regulator has passed two separate orders, dated July 2, against ISSL, and AFSPL and its three directors after it carried out a detailed investigation into the matter for the period from February 20, 2017 till February 8,
In its reply made public on Friday, the Securities and Exchange Board of India (Sebi) said an IA is required to render investment advise to its clients and not manage funds or securities on behalf of the clients under the IA