Security Exchange Board of India News

Why the sudden surge in SEBI decisions? SEBI's 'unlimited powers' misused? SEBI's 'powers' need to be 'curb'!

Sebi has levied fines totalling Rs 22 lakh on eight entities for violating insider trading norms in the matter of Shakti Pumps (India) Ltd. The regulator imposed fines in the range of Rs 1 lakh to Rs 9 lakh. The order came after Sebi carried out an investigation in the matter of insider trading by certain entities in the scrip of Shakti Pumps (India) Ltd (SPIL).

SBFC Finance Ltd has filed preliminary papers with Sebi to raise up to Rs 1,600 crore through an IPO The IPO comprises a fresh issue of equity shares of Rs 750 crore and OFS component aggregating up to Rs 850 crore ICICI Securities, Axis Capital and Kotak Mahindra Capital Company are the book running lead managers to the issue.

Sebi today barred fugitive businessman Mehul Choksi from the securities markets for 10 years Sebi also imposed a fine of Rs 5 crore on Choksi for indulging in fraudulent trading Mehul Choksi was the chairman and managing director as well as part of promoter group of Gitanjali Gems