Page 5 - Exchanges Board News Today

The Supreme Court of India on Friday will hear the petitions on the Adani-Hindenburg issue in which it had asked the Securities and Exchanges Board of India on March 2 to probe within two months the allegations of stock price manipulation by the Adani Group and lapses in regulatory disclosure. -- aaa

The Supreme Court of India on Friday will hear the petitions on the Adani-Hindenburg issue in which it had asked the Securities and Exchanges Board of India on March 2 to probe within two months the allegations of stock price manipulation by the Adani Group and lapses in regulatory disclosure. -- aaa

Just a few months after it pulled a Rs 20,000 crore follow-on public offering (FPO) in the wake of a short seller attack, Adani Enterprises (AEL) is planning to raise an unspecified amount through the issuance of equity or other eligible securities, the company informed the stock exchanges late on Wednesday evening. -- aaa

Even as the political circles are grappled with the Assembly elections in Karnataka, another development has raised their curosity.

The fundraising comes amid the fallout from US-based short seller Hindenburg Research alleging accounting fraud and stock manipulation against the group. Adani Group has denied the allegations, which were made in a report on 24 January, three days before the FPO opening.

Out of the total borrowings, loans worth $4 billion were up for repayment in 2024, but Adani repaid $200 million from it ahead of time.

The Securities and Exchanges Board of India (SEBI) is Indias market regulator is planning to permit a new category of mutual fund schemes where asset managers charges will partly be linked to performance, Reuters reported quoting an official document and a source directly familiar with the matter. -- aaa

The watchdog continues to believe in and follow its rich tradition of consultation and partnership with the industry,

Go Digit Insurance has re-filed draft papers for its initial public offering (IPO) worth $440 million addressing the concerns raised earlier by the Securities and Exchanges Board of India (SEBI). The market regulator had raised concerns related to the companys employee stock plans.  -- aaa

“In case of any direct or indirect change in structure or common ownership or control of the foreign portfolio investor or investor group, it shall, as soon as possible but not later than seven working days, bring the same to the notice of its designated depository participant,” stated the SEBI notification. -- aaa