Capital markets regulator Securities and Exchange Board of India (Sebi) has told the Enforcement Directorate (ED) to look into complaints by four investors against a Lodha Group company, according to documents accessed by The Indian Express.

The Sebi communication was sent to the ED in January and is currently being investigated by the directorate, ED sources said. This is apart from the ongoing enquiry by the ED into Lodha’s investment in joint ventures with foreign firms and foreign investments of their sister concerns and group companies.

State-owned IDBI Bank said Tuesday it plans to raise Rs 20,000 crore from bonds in one or more tranches next fiscal to fund business growth.

The bank, at its board meeting held today, approved in-principle the rupee bond issuance limit of Rs 20,000 crore, IDBI Bank said in a regulatory filing to stock exchanges.

The Securities and Exchange Board of India or Sebi may get additional powers to regulate money-pooling activities that currently do not come under any other financial sector regulator and those where states have limited powers to act, said three people familiar with the development.

The government is in advanced stages of drafting a new legislation to this effect, confirmed the people cited above, requesting anonymity.

Mutual fund investors will soon be able to know the quantum of commission paid by the fund houses to the distributors as well as salaries drawn by the top brass of the asset management companies (AMCs).

The Securities and Exchange Board of India (SEBI), tightening the disclosure norms for mutual fund houses, directed the entities to make the disclosures a part of the consolidated account statement (CAS) sent to all mutual fund investors.

Securities and Exchange Board of India (Sebi) has approved IRB Infrastructure Developers’ application for Infrastructure Investment Trust (InvIT), paving the way for launch of India’s first such instrument.

In a notice sent to stock exchanges, Mumbai-based road developer said, “Sebi has granted the certificate of registration in terms of Regulation 6 of Sebi (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to IRB InvIT Fund to which the company is a sponsor”.

The Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED) are set to study a transaction between British multinational Diageo and UB group Chairman Vijay Mallya, in which the British firm acquired the South African Breweries' traditional sorghum beer business for close to $77 million.

The January 2013 transaction to acquire 50 per cent in the beer business was announced within months of the sale of United Spirits to Diageo in November 2012. The money was paid to Mallya in two tranches in his offshore accounts. In April 2015, Diageo had taken full control of the business by buying the other 50 per cent from Pestello Investments, a Mallya-owned company.

Mumbai: Three years after the National Spot Exchange Ltd (NSEL) scam and eight months after the merger of the Forward Markets Commission (FMC) with the Securities and Exchange Board of India (Sebi), action against NSEL brokers is on the cards.

The capital market watchdog has formed an investigative team to look into their role, said two persons familiar with the development. “Sebi has formed an investigative team-cum-committee to look into the allegations against the brokers of NSEL,” said one of the persons quoted above.

Mumbai: The Securities and Exchange Board of India, or Sebi, on Monday suggested two ways to clear ambiguities in the definition of “control” in a listed firm, a move primarily aimed at making mergers and acquisitions smoother and free of legal hassles.

The market regulator proposed in a discussion paper that to make the definition of “control” clearer, one of the options could be to amend the framework of protective rights and exclude certain business decisions by an entity in the listed firm from the ambit of “control” definition.

In a major clampdown, regulator Sebi has debarred over 1,000 entities from the capital markets after they were found to be misusing stock exchange platforms for tax evasion to the tune of more than Rs 15,000 crore.

Sebi has also suspended trading in shares of as many as 167 companies while the regulator has written to the Income Tax Department in nearly 100 cases where more than 1,800 entities are suspected to have traded in shares valued beyond their disclosed income.

Capital market regulator Securities and Exchange Board of India (Sebi) has provided in-principle not to BSE Ltd for an initial public offering (IPO).

BSE, the country's second-largest exchange in terms of volume, has written to market regulator Securities and Exchange Board of India (Sebi) seeking an approval for the IPO and to list its shares on a recognized stock exchange.

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