Mumbai: Shares of infrastructure company Valecha Engineering Ltd fell as much as 15% on Wednesday after the capital markets regulator Securities Exchange Board of India (Sebi) banned the company and its promoters from the raising capital from public for three years with immediate effect. The stock touched a low of Rs.45.20—a level last seen on 29 September 2015.

Capital markets regulator Sebi has given clearance to beauty and wellness firm VLCC Health Care to raise at least Rs 400 crore through IPO to fund its expansion in domestic as well as international markets.

The firm, which had filed draft red herring prospectus (DRHP) with Sebi on September 23, seeking permission for an IPO, obtained clearance from Sebi on December 29.

NEW DELHI: Markets regulator Sebi is set to tighten disclosure norms for rating agencies as well as the companies being rated, as it seeks to check the menace of 'rating shopping' and a 'pick-andchoose' approach in disclosing rating actions.

The proposed regulatory moves follow the Amtek Auto fiasco and a growing number of loan defaults triggering downgrade or suspension of ratings without the same being properly communicated to investors.

Stock exchanges will be allowed to go for listing from April this year. On the first day of the year, the Securities and Exchange Board of India (Sebi) issued the final circular in which it steered clear of any dilution the “fit and proper”.

However, shareholders would be allowed to issue a self certification of their ‘fit’ status.

Ujjivan Financial Services, the microfinance lender that was granted licence to convert into a small finance bank, has filed draft papers with markets watchdog Sebi to raise at least Rs 650 crore through an IPO.

This is the second microfinance institution after Equitas Holding to approach the Securities and Exchange Board of India (Sebi) for an IPO this year.

A day after the income-tax department conducted raids on NCDEX (National Commodity and Derivatives Exchange) and traders, the Securities and Exchange Board of India (Sebi) proposed to seek reports on it from them.

“We will seek a report,” said a Sebi officer.

Mumbai: India’s market regulator will in a few days release detailed rules under which investors are deemed fit to buy shares in exchanges, Securities and Exchange Board of India (Sebi) chairman U.K. Sinha said on Wednesday.

Sinha was speaking on the sidelines of a conference organized by Bandhan Bank on the inauguration of its 600th branch in India.

Gujarat Venture Finance Ltd. (GVFL) has received SEBI approval for its eighth fund, looking at raising $37.9 million from financial institutions and expects to close at around $19-20 million by March 2016. The firm has received commitments from institutions like LIC, SIDBI, Bank of Baroda etc.

As per a DealStreetAsia report, the fund is targeting a final close by December 2016 and it will start investing in startups with a ticket size of nearly $750,000-4 million per deal. It plans to invest in Series A and seed stage rounds in Indian technology-enabled segments like edtech, fintech, electronics, communication, healthcare, hyperlocal delivery, logistics, agritech and Internet of Things.

This column has often rued the lack of data and research supporting some of Securities and Exchange Board of India’s (Sebi’s) decisions. A recent case in point is its decision to increase the minimum contract size in the equity derivatives segment from Rs.2 lakh to Rs.5 lakh.

The decision was communicated through a sudden circular, with no data or research provided to justify the move. A little over three years ago, Sebi had, in similar fashion, changed the criteria for selecting stocks that can be part of the derivatives segment. As a result, 51 stocks were excluded from the list.

NEW DELHI: Lanco Infratech Ltd today said the board will meet next week to consider the proposal for issuing compulsory convertible debentures (CCDs).

"A meeting of the board of directors of the company will be held on December 30, 2015, inter alia, to consider the proposal for issuance of Compulsory Convertible Debentures (CCDs) through preferential issue not exceeding 35 crore CCDs of Rs 10 each and seek shareholders' approval for the same," Lanco Infratech said in a regulatory filing.

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