A clutch of custodians have written to the Securities and Exchange Board of India (Sebi) highlighting the difficulties associated with complying with the diktat on monitoring foreign holding in depository receipts. The circular requires designated depository participants or custodians to collect, monitor and report information every month on offshore derivatives instruments (ODIs) and depository receipts (DRs) held by foreign portfolio investors (FPIs) and those foreign entities which belong to the investor group of the FPIs. The report is required to be submitted to the depository on the 17th of every month. Currently, ODIs are reported to Sebi directly by ODI issuers, while FPI holdings are reported to the depositories through custodians. Custodians only report onshore India investments for entities registered as FPIs.
Japanese firm Minebea Mitsumi settles takeover norms violation case with Sebi; pays Rs 17 lakh
PTI
Minebea Mitsumi Inc has settled with Sebi a case of alleged delay in making a public offer in respect of the acquisition of shares in Jay Ushin Ltd, on payment of a little over Rs 17 lakh towards settlement charges.
This comes after Minebea Mitsumi approached the Securities and Exchange Board of India (Sebi) to settle the case.
Consequently, Sebi, through a settlement order passed on April 19, said the proceedings that may have been initiated for the defaults . be settled qua the applicant .
Besides, the regulator said it will not initiate enforcement action against the applicant for the said defaults.
The insurance regulator on Thursday allowed insurance companies to invest in debt securities of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs). Earlier, insurance companies were only allowed to in units of InvITs and REITs. This decision has been taken by the Insurance Regulatory and Development Authority of India (Irdai) post the passage of the Finance Bill, which had proposed permitting trusts to issue debt securities. The regulator has said, insurers can invest in debt securities of InvITs and REITs that are rated not less than “AA” under the “approved investment” category. In the event of a subsequent downgrade, the instrument will become part of their “other investments”.
Aditya Birla Sun Life AMC files DRHP with Sebi business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Aditya Birla Sun Life AMC on Monday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The IPO size could be around Rs 2,000 crore, said sources. This will value the asset manager at nearly Rs 15,000 crore. Through the maiden offering Canadian firm Sun Life Financial will divest its 12.56 per cent holding, while Indian partner Aditya Birla Capital (ABCL) will sell a little less than a per cent. Currently, ABCL holds 51 per cent stake and Sun Life has 49 per cent stake in the AMC. Following the IPO, the total promoter stake in the fund house will fall from 100 per cent at present to 86.5 per cent.