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As part of the incorporation, IGL will subscribe to 10,000 equity shares of IGL Spirits, at a face value of ₹10 each, for a total amount of ₹1,00,000. The new subsidiary will initially be capitalized with a paid-up capital of ₹1,00,000 and an authorized capital of ₹5,00,000.
SEBI takes strict action against nine firms for unregistered investment advising, directing Rs 8 crore refund and two-year market ban.
SEBI's recent approvals include a legal framework for index providers and fundraising flexibility for NPOs via the social stock exchange
According to the market regulator, this will have an impact on FPI AUM of about Rs. 2.6 lakh crore, or 6% of all FPI AUM.
This unbiased committee will gauge the lapses of the internal management and compliance approaches at the country's largest stock exchange (NSE), ensuring these lapses never happen again.
Under the new format, a firm will have to reveal the name of the promoter, details of the offer to the public -- kinds of issue, fresh issue and offer for sale (OFS)component, total issue size -- and share reservations facts on the front page of the abridged prospectus (DRHP or RHP).
MobiKwik is reportedly looking to launch a public offering worth over $255 million before Diwali on November 4, which is expected to increase its valuation to cross the $1 billion mark.
In accordance with a reply to a question in the Parliament, some of the Adani Group companies are under the scanner of the Securities and Exchange Board of India over compliance with the rules.