Capital markets regulator Sebi on Monday barred 14 entities for indulging in insider trading and ordered impounding ill-gotten gains of Rs 2.94 crore in the matter of Lux Industries Ltd.

Those banned by Sebi include Udit Todi, the son of the managing director of Lux, and is currently holding the post of executive director in the company, according to an interim order.

Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy.

Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI), as per the latest information with the regulator.

Sebi on Wednesday imposed a penalty of Rs 1.5 crore on Karvy Computershare (presently known as KFin Technologies) for redeeming its units in Taurus Mutual Fund on the basis of privileged information, pertaining to Ballarpur Industries default, available to it as RTA.

By redeeming all units in Taurus Liquid Fund and Taurus Ultra Short Term Bond Fund in February 2017, Karvy Computershare made unlawful gain of about Rs 1.2 crore, Sebi said in an order.

Sundaram Asset Management Company Ltd, the 100 per cent subsidiary of Sundaram Finance Ltd on Friday said it received the regulatory approval for the purchase of asset management businesses of Principal Asset Management Pvt Ltd.

Sundaram Asset Management Company would acquire the schemes managed by Principal India and acquire 100 per cent of the share capital of Principal Asset Management Pvt Ltd, a company statement said here.

Market regulator Sebi wants IPO advertisements to display risk factors prominently. Also, Sebi wants the acquisition cost of all transactions in three years prior to the listing to be a part of the risk factors.

The risk to investors shall include weighted average cost of acquisition of all shares transacted in last three years and one year, from the date of red herring prospectus, Sebi has said in a communication to investment banking industry body AIBI.

The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose five-year term comes to an end in February.

Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, tenure was extended by 18 months.

Markets regulator Sebi on Wednesday imposed a total fine of Rs 50 lakh on three entities and two individuals and also restrained them from accessing securities markets for one year for indulging in fraudulent trading in the scrip of Asian Granito India Ltd.

The entities are Pasha Finance Pvt, Pat Financial Consultant Pvt Ltd and Hridaynath Consultancy Pvt Ltd, while the individuals facing the penalty are Minal Bharat Patel and Ruchit Bharat Patel.

The Securities & Exchange Board of India (SEBI) has kept the initial public offering (IPO) of Adani Wilmar in abeyance.

The website of the capital market regulator showed that the Rs 4,500 crore issue has been kept in abeyance.

The Securities and Exchange Board of India (Sebi) has asked Indian companies to work towards separating the roles of chairperson and managing director (MD).

The deadline is a year away, but the market regulator is hinting that it won’t extend it.

Network 18 Media and Investments has settled a case with Sebi, pertaining to alleged failure to disclose Independent Media Trust (IMT) as a promoter in the draft papers for the rights issue, after paying Rs 1.56 crore towards settlement charges.

Network 18 Media and Investments or NW18 had approached Sebi to settle the matter through the settlement order.

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