India's capital market News
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.
Regulator Sebi's board will meet on Wednesday to discuss the actions taken so far against brokers allegedly involved in the Rs 5,600 crore NSEL scam along with the status of the ongoing probe into the NSE co-location issue.
Close to 3,500 fresh foreign portfolio investors (FPIs) registered with capital market regulator Sebi in 2016-17, an indicator that India remains an attractive destination.
The Cabinet also approved the proposal to allow foreign portfolio investors to acquire shares through initial allotment, besides secondary market, in the stock exchanges.
Investments through participatory notes (P-Notes) into India's capital market stood at Rs 2.85 lakh crore (about USD 45 billion) at the end of May, the highest level in more than seven years.
Sebi on Monday allowed Jaipur Stock Exchange Ltd (JSEL) to exit as a bourse from the nation's capital markets.
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