Ajay Tyagi News

Chairman Ajay Tyagi said Sebi has given go ahead to initial public offers (IPOs) worth over Rs 60,000 crore in 2018.

A whistleblower had last month approached Sebi with a document alleging various irregularities by the company, its promoter Shanghvi and others.

The cases under scanner include the bank's Rs 3,250 crore loan to Videocon Group in 2012 and the involvement of Kochhar family members in restructuring of the loan.

The firm has landed in a controversy over alleged regulatory lapses in the transfer of funds to some promoter-linked companies.

The new measure may have an impact on the shareholding pattern of UTI Asset Management Company (AMC), requiring its promoters to lower their stake to 10 percent or below in next one year.

It can be noted that Sebi had withdrawn a circular late September within a day of its issuance that mandated corporates that defaulted on loan repayments or bond payments to immediately report to the regulator and the exchanges.

Securities and Exchange Board chairman Ajay Tyagi today confirmed that the regulator has come to know of instances wherein price-sensitive financial data of reputed companies was leaked to right before the earnings were formally made public.

Sebi chairman Ajay Tyagi noted that the Sebi has already relaxed the norms related to issue of capital and disclosure requirements as well as regulations on substantial acquisition of shares and takeovers to align with the new Bankruptcy & Insolvency Code.

Terming Moody's much-awaited sovereign ratings upgrade as "positive inflection point", Sebi chairman Ajay Tyagi has said it is an acknowledgement that the reform measures being taken by government are in the right direction.

Touching upon the increasing use of technology in the markets, he also said regulators might have to put in place checks and balances of investor protection in algorithms itself.

The index lists 1,000 most influential professionals in order of significance as measured by a series of algorithms and encompasses some 145 jurisdictions, as per the report.

Tyagi has pitched for "providing for multiple products and fund raising avenues suitable for different profile of investors as well as for catering to the varied financing needs at various stages of economic activities".

Securities and Exchange Board of India (Sebi) is keeping a track on the stock price movement of information technology major Infosys.

Capital markets regulator Sebi chairman Ajay Tyagi on Saturday expressed hope that the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund inflows into the corporate bonds market, especially in low-rated instruments.

The National Stock Exchange (NSE) may have to re-file papers for its Rs 10,000-crore IPO after addressing issues related to alleged preferential access given to some brokers, watchdog Sebi's Chairman Ajay Tyagi on Monday said, terming the co-location case as "a serious matter".

Mutual funds have to work on due diligence practices before picking up corporate bonds and should not just rely only on credit ratings given the rising defaults, Sebi chairman Ajay Tyagi said on Thursday.

Regulator Sebi is looking to review the framework for credit rating agencies as it seeks to check the menace of 'rating shopping' and pick-and-choose approach in their actions.

Sharply critical of the existing corporate governance practices, Sebi chief Ajay Tyagi today said "independent directors are not independent" and audit committees are not working but admitted he does not have a solution to fix the lacunae.

Senior IAS officer Ajay Tyagi on Wednesday took charge as the Chairman of markets regulator Sebi.

Sebi will see a change of guard on Tuesday with senior IAS officer Ajay Tyagi taking over the chairmanship from U K Sinha, who is leaving with "good memories" after a six-year tenure marked with 'harsh' actions against defaulters and several reforms in capital markets.