SEBI eases norms for mandatory bond issuances, announces incentives
LCs (Large corporates) that have a shortfall will be disincentivised by being asked to pay an additional contribution to the CSF, added the circular. The market regulator has been trying to deepen the corporate bond market, and this circular is in line with that effort, to ease the framework for fundraising by issuing debt securities by LCs.
SEBI extends date for verification of market rumours by top 100 listed firms to Feb 1, 2024
The proviso to Regulation 30 (11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) inter-alia requires top 100 listed entities by market capitalisation with effect from October 1, 2023 and top 250 listed entities by market capitalisation with effect from April 1, 2024 to mandatorily verify and confirm, deny or clarify market rumours.
SAT reserves order on Zee promoter's plea against restrain by SEBI
SAT, reserving the order, directed the market regulator and Goenka to file any written submissions, if any, within a week.
Burman family announces open offer for Religare Enterprises
The open offer is made with the intention to increase the family’s stake and take control of REL. It will be conducted in accordance with the SEBI (SAST) Regulations.
SEBI eases borrowing norms for large corporates
The SEBI Board raised the monetary threshold to define large corporates, and removed the penalty for not meeting the mandate of raising at least 25 per cent of incremental borrowings for a financial year through the capital markets.
SEBI says it sees significant red flags in transactions between Zee and Essel entities
The vile plan was to round trip Zee's own money back into the company through entities to pay back the debt of Essel entities, the SEBI counsel argued, adding that the transactions between Zee and Essel entities can't be genuine or a coincidence.
Investors will have faster cash in hand as SEBI plans one hour trade settlement
"We do not see any impediment in Sebi's plan to implement one-hour settlement of trades first. It is highly implementable when Clearing Corporations and Depositories are ready with the systems. UPI's success created confidence in near real time settlement," he said.