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Capital markets regulator Sebi on Tuesday levied a fine of Rs 10 lakh on an entity for trading in the shares of HDFC Ltd and HDFC Bank while in possession of unpublished price sensitive information (UPSI) related to their merger. Sebi found that Rupesh satish dalal HUF had traded in derivatives of both HDFC entities…
Markets regulator Sebi on Wednesday imposed a penalty totalling Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL) using social media channels. The fines need to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. In its order, Sebi noted…
Sebi Eases FPI Rules for Government Bonds to Attract Long-Term Global Capital In a landmark move to integrate India’s debt market with global financial systems, the Securities and Exchange Board of India (Sebi) has approved a series of regulatory relaxations for Foreign Portfolio Investors (FPIs) that invest exclusively in Government Securities (G-Secs). Announced on June…
Mumbai: Jane Street has written to the Securities and Exchange Board of India (Sebi) seeking more time to respond to the market regulator’s allegations that it engaged in market manipulation in the local derivatives market. “We are engaging constructively with Sebi and have sought an extension to respond to the interim order issued on July…
Is SEBI obligated to provide only the documents it relies upon? 1 Summary: This blog analyses the duty of the Securities and Exchange Board of India (“SEBI”) to disclose documents during regulatory proceedings. It traces the judicial evolution of SEBI’s disclosure obligations and discusses contrasting judicial views on the extent and limits of such obligation….
Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstonehas got Sebi approval to launch its REIT public offering to raise Rs 4,800 crore fund. Last month, Knowledge Realty Trust (KRT) had raised Rs 1,400 crore from investors ahead of its maiden REIT public issue. In early March, the KRT filed the draft red…
SEBI’s crackdown signals the end of the old algo trading playbook in India. By tightening rules to protect retail investors, it’s paving the way for a stricter, cleaner market. SEBI’s recent crackdown on Jane Streeta major global trading firm, could spark sweeping changes in how global players operate in Indian markets. While the action targets…
Founder and CEO of stock brokerage firm ZerodhaNithin Kamath, on Friday lauded SEBI for “going after” Jane Streeta US-based investment firm that has been alleged of index manipulation. In the 105-page interim order, SEBI has imposed to recover one of the highest ever illegal gains made by the group of Rs 4,843.57 crore. The order…
SEBI is tightening norms around participatory notes (P-Notes), especially those linked to derivatives, following concerns flagged in the Jane Street case. The Securities and Exchange Board of India (SEBI) is set to tighten oversight of participatory notes (P-Notes) in a bid to protect small investors and enhance transparency in foreign capital flows. The move follows…
[Mustafa Rajkotwala and Shamik Datta are lawyers based in Mumbai] Tracker shares and total return swaps (“Three”) are sophisticated financial instruments that allow foreign investors to synthetically replicate exposure to Indian equity markets. These instruments have gained prominence as alternatives to traditional participatory notes (“P-notes”), offering similar economic outcomes while circumventing scrutiny under SEBI’s offshore derivative instruments (“ODI”)…