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SEBI determined that the trusts mirror the promoters' existing shareholdings and control, ensuring no change in ownership or voting rights. The trusts are managed by family members, with assets to be distributed to beneficiaries or their legal heirs if dissolved.
Sidhant Chandalia, Naysar Parikh, and Ronak Narendra Parikh have resolved insider trading charges related to PNB Housing Finance Ltd by paying over Rs 1.55 crore. The settlement reflects SEBI's enforcement of compliance with insider trading regulations.
Inventurus Knowledge Solutions has demonstrated robust financial growth, with a 21% increase in profit and a substantial rise in revenue for FY24. The company’s client base includes major healthcare organizations and operates with a large global workforce.
Coffee Day Enterprises has settled with SEBI by paying Rs 7.52 lakh to address allegations of failing to meet disclosure requirements under LODR Regulations. The company’s non-compliance involved inadequate reporting of material events and subsidiary-related information.
Buch emphasized that SEBI had conducted thorough investigations in line with established procedures and that the regulatory body remains committed to maintaining transparency and accountability in the Indian financial markets.
The Bombay High Court's order requires SEBI to disclose an exemption letter for ICICI Securities but prohibits Aruna Vinod Modi from sharing or reproducing the document. Modi challenged the legality of the exemption granted to bypass the reverse book-building process.
The controversy around Hindenburg Research's Adani report deepened in June 2024, as SEBI revealed connections between the firm and hedge fund manager Mark Kingdon. SEBI accused Hindenburg of providing an advance copy of the report, enabling significant profits through strategic trading, a claim Hindenburg dismissed as fabricated.
SEBI's recent directives to eliminate special rights for select shareholders before IPOs aim to ensure equal treatment and transparency for all investors. The regulator has also returned several DRHPs for inadequate disclosures, underscoring its commitment to stringent due diligence and market fairness.
There has been a lot of interest among finfluencers to register themselves after the regulator cracked down on unregistered entities and has asked registered entities to restrict their association with unregistered entities.
SEBU has proposed major relaxations to its Research Analyst and Investment Advisor Regulations, including reducing qualification requirements and removing net worth criteria. The changes aim to regulate the growing influence of unregistered financial influencers and simplify registration processes for professionals.
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