The financial frauds in Indian capital markets have ranged from simple diversion of shareholder funds to the use of complex structures and transactions to bypass regulatory safeguards, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Friday. Addressing the Future Proof Forensics 2025 event held in Mumbai, the SEBI chief highlighted…
Upcoming IPO, ARCIL IPO: Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), aiming to mobilise funds through a complete offer for sale (OFS). ARCIL, India’s first incorporated asset reconstruction company, focuses on acquiring and resolving stressed…
Financial frauds in the Indian capital markets have evolved from simple diversions of shareholder funds to complex schemes involving regulatory arbitrage, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Friday. Addressing the Future Proof Forensics 2025 event held in Mumbai, the SEBI chief highlighted how the market regulator has used…
The National Stock Exchange of India (NSE) has agreed to pay Rs 40.35 crore to settle charges related to the indirect sharing of confidential information on listed companies with a third-party vendor, the Securities and Exchange Board of India (SEBI) said on Friday. The settlement, which does not involve any admission of guilt, ends regulatory…
Dialysis services provider Nephrocare Health Services Limited has filed the draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The company plans to raise Rs 353.4 crore via issue of fresh shares. According to the DRHP, the proposed IPO…
The Wealth Company has received the final approval from the Securities and Exchange Board of India (SEBI) to begin mutual fund operations in the country. The new entity will operate as The Wealth Company Mutual Fund, marking its official entry into India’s fast-growing Rs 74.41 lakh crore mutual fund industry. Backed by the Pantomath Group,…