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According to two people aware of ongoing discussions, the National Stock Exchange (NSE) may receive a no-objection certificate (NoC) from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) within weeks, potentially ending years of litigation and regulatory deadlocks. Two options are being discussed, according to the two people cited…
The proposal would essentially allow the PSU to delist itself, either to go private, merge with another company, or because the costs of being publicly listed outweigh the benefits. Sebi said the move would benefit PSUs with very low public shareholding and/or weak financials, as noted in the 6 May consultation paper. It reasoned that…
The market regulator’s rare order barring First Overseas Capital Ltd (FOCL) from taking on any new initial public offer (IPO) assignments after uncovering alleged fund diversion from an IPO may signal increased scrutiny of merchant bankers to shore up investor trust, according to experts. The interim order, issued on 6 May by the Securities and…
In a 21 April consultation paper, the Securities and Exchange Board of India (Sebi) proposed overhauling how securities market disputes are resolved, promising faster timelines, stricter accountability, and direct arbitration. Sebi has proposed to extend the ODR portal, which previously applied to market infrastructure institutions (MIIs) such as stock exchanges and clearing corporations, to depositories….