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Sebi proposes to streamline IPO process via UPI SECTIONS Last Updated: Mar 16, 2021, 09:53 PM IST Share Synopsis The regulator said based on the experience gained with the current UPI system, it has identified certain issues based on the feedback from market participants. In 2018, Sebi introduced the use of UPI as an additional payment mechanism with ASBA for retail investors. Related Mumbai: The Securities and Exchange Board of India (Sebi) has proposed to streamline the initial public offering (IPO) process with unified payment interface(UPI) in application supported by blocked amount (ASBA) and redressal of investor grievances. In 2018, Sebi introduced the use of UPI as an additional payment mechanism with ASBA for retail investors. ....
(Representative image) NEW DELHI: Shares of Majesco hit the upper circuit in ex-dividend trade on Wednesday, and were up nearly 5 per cent from the adjusted previous close. Shares of the IT company were up 4.72 per cent at Rs 12.20, from the adjusted previous close of Rs 11.65. We hereby inform you that Investors’ Grievances and Stakeholders’ Relationship Committee of the Board of Directors of the Company passed a resolution by circulation today i.e. December 22, 2020 for allotment of 7,500 fully paid-up equity shares of face value of Rs 5/- each to employee, who exercised his vested options under the Company s Employee Stock Option Scheme, Majesco said in a notification. ....