Vijay Mallya walked away from United Spirits (USL) with a $75 million cheque but his woes aren’t over. He quit as its chairman on Thursday but will still have to repay dues to it and face various investigations initiated by the Securities and Exchange Board of India, the Union ministry of corporate affairs (MCA) and the stock exchanges. Even the latest deal has come under Sebi’s scanner. A PTI report quoted regulatory sources as saying that the Diageo-Mallya deal faces an extensive scrutiny by the market regulator, which has begun looking into possible violations of corporate governance and other norms.

The Securities & Exchange Board of India (Sebi) has called a meeting with top officials from the mutual fund industry to discuss issues related to debt funds and specifically credit funds.

In the meeting, scheduled for March 4, the Association of Mutual Funds in India (Amfi) will request the markets regulator to come

Mumbai, Feb. 23: State-owned IDBI Bank has received a green signal from market regulator Sebi to raise up to Rs 3,771 crore through a qualified institutional placement issue.

The Centre has given its approval to the issue, which will dilute its holding in the lender. At present, the government's stake in the bank is 80.16 per cent.

Capital markets regulator Sebi has sought clarification from merchant bankers of four companies including Advanced Enzyme Technologies regarding their proposed initial public offerings.

KPR Agrochem, S P Apparels and Thyrocare Technologies are the other companies from which Sebi has sought information.

The Securities and Exchange Board of India (Sebi) is in talks with the government to widen its jurisdiction over collective investment schemes (CIS), two persons familiar with the development said.

The capital markets regulator wants to be empowered to regulate all such schemes irrespective of the size of the corpus.

MUMBAI: The race for the chairmanship of market regulator Securities and Exchange Board of India (Sebi) is going down to the wire. On Satuday, February 13, the government held a special meeting to consider a proposal by the finance ministry to reappoint the current chairman, UK Sinha, for a period of one year, said people aware of the unexpected development. This comes after one contender for the post left the field and a second may also exit.

Mumbai: Capital markets regulator the Securities and Exchange Board of India (Sebi), which is now also the regulator of commodity exchanges, is planning to bring warehouse service providers under its regulatory ambit to keep an eye on all aspects of the commodity market, according to two people familiar with Sebi’s thinking.

Currently, commodity exchanges come under Sebi, but the activities related to storage of underlying commodities linked to futures are not under its purview. The existing norms only ensure that warehouses are registered with Warehouse Development and Regulatory Authority (WDRA).

Mumbai: IRB Infrastructure Developers Ltd and GMR Infrastructure Ltd have sought the capital markets regulator’s approval to launch India’s first infrastructure investment trust (InvIT).

In the application to the Securities and Exchange Board of India (Sebi), both IRB and GMR have identified assets they want to list under these trusts.

To catch manipulators, markets regulator Securities and Exchange Board of India (Sebi) has begun looking into social media accounts of suspected persons, with ‘mutual friends on Facebook’ being cited as evidence for the first time in an insider trading case.

While Sebi has been examining Twitter and Facebook for quite some time for investigation purposes, this is the first time the regulator has used Facebook account as evidence for proving charges against an individual.

Mahindra Asset Management Company has received markets regulator Sebi's approval for setting up of their mutual fund business.

Mahindra AMC, a wholly-owned subsidiary of Mahindra & Mahindra Financial Services (MMFS), got the regulator's nod on February 4.

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