Capital market regulator Securities and Exchange Board of India (Sebi) has put a spoke in the wheel of AstraZeneca Pharma India's plan to take the company private.

It has said AstraZeneca can purchase shares in the delisting offer only after seeking approval of the stock exchanges. And, directed the two exchanges, BSE and the National Stock Exchange, to "closely monitor the entire delisting process…and allow the final delisting of its shares only after satisfying themselves that the process has been fair and transparent," said Rajeev Kumar Agarwal, wholetime member of Sebi in an order on Tuesday.

Market regulator Sebi has sought clarifications from two rival bidders who have made offers for acquisition of additional stakes in Vijay Mallya-led UB Group's Mangalore Chemicals and Fertilisers Ltd (MCFL).

The clarifications have been sought through merchant bankers of the two rival bidders -- Deepak Fertilisers and Zuari Fertilisers, among which the latter has been joined by the existing promoters of MCFL as 'persons acting in concert'.

Mumbai: The Securities and Exchange Board of India, or Sebi, on Friday directed all debt-oriented and balanced mutual fund schemes to have a minimum subscription amount of Rs.20 crore at the time of a new fund offer (NFO). For other schemes, the minimum subscription requirement will be Rs.10 crore.

Sebi said many debt-oriented schemes are operating with very low assets under management, or AUM. “In the interest of investors, it is important that debt-oriented schemes have an adequate corpus to ensure adherence to the investment objectives...,” said Sebi.

The Securities and Exchange Board of India (Sebi) on Thursday announced it had formulated new norms for research analysts, including minimum requirements in terms of experience and qualification, as well as capital adequacy. The Sebi (Research Analyst) Regulations, 2014, would be applicable to brokerage houses, merchant bankers, proxy advisors, etc, said a Sebi statement issued after a meeting of the regulator's board.

Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday announced a slew of measures to boost equity issuances by India Inc and help rejuvenate the primary market, which at present seems to be in deep slumber.

The Securities and Exchange Board of India (Sebi) would discuss and announce various reforms to revamp India's capital markets, including revision in initial public offerings (IPOs) and offer for sale (OFS) framework at its board meeting in New Delhi on Thursday.

The regulator intends to rectify anomalies and bring more flexibility pertaining to the minimum issue size in IPOs, which many companies have been exploiting. At present, all companies with a post-issue capital of below R4,000 crore are required to offer at least 25% stake in an IPO, while companies with above R4,000 crore post-issue capital are required to offer at least 10%. However, it created anomalies in borderline cases and companies slightly below the R4,000-crore mark showed valuation of the company as R4,000-crore plus.

The Securities and Exchange Board of India (Sebi) issued a consultation paper on Tuesday on proposed regulations for crowdfunding, the term for collecting small amounts of capital from a large number of investors through social networks or other web-based platforms.

Sebi wants reactions by July 16. It has proposed that crowdfunding only take place through Sebi-recognised platforms. Entities which qualify include stock exchanges, depositories, technology incubators and associations of private equity or angel investors.

Market regulator Securities and Exchange Board of India (Sebi) has tightened norms governing debt public offerings.

Bringing in some elements of initial public offering (IPO) guidelines, the regulator has prescribed minimum subscription limit of 75 per cent for public issue of debt securities. Failing to garner minimum subscription of 75 per cent of the base issue size, the issuer will have to refund application money to investors within 12 days of issue closing.

The high court here has issued notices to the Union government on a public interest suit seeking to strike down the re-promulgated ordinance giving extra powers to the Securities and Exchange Board of India (Sebi) to crack down on illicit money collection schemes.

A city-based lawyer, Prashaanth Balasubramaniam, has contended the ordinance’s provisions are “utter violation of constitutional principles”.

Enthused by robust response to OFS mechanism of selling shares by companies, market regulator Sebi plans to provide discount for retail investors in such share sales and allow a larger set of firms to tap this route.

Besides, Sebi is considering at least 10 per cent of the shares to be sold through the OFS mechanism to be revered for retail investors, while non-promoters may also be permitted to tap the route, officials said.

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