As many as 2,09,032 bank accounts of suspected shell companies were frozen by the government on September 5
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Tag: Securities and Exchange Board of India (Sebi)
StartupXSeed Ventures looks to invest in emerging AI & AR enterprises
The investment will help start-ups build products and services to grow business and sustain financially Fund will be backed by IT professionals having deep domain expertise
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BSE SME on-boards 187th company
BSE SME has on-boarded the 187th company on the bourse. On July 18, Gujarat’s 7NR Limited Retail (Gini & Jony Ltd) Ahmedabad listed on the SME platform. “Trading Members of the Exchange are informed that on Thursday, July 18, 2017, Equity Shares of Ridhi Corporate Services Ltd will be l…
Small funds to complain on IPO allotment to Sebi
Smaller fund houses want a change in the rules on allocation in Initial Public Offers (IPOs) of equity. Some of them say preference in the anchor investor portion is given mostly to larger entities. Those not among the top 15 rarely get any. The issue is to be raised on April 25 with the markets …
Sebi wants stricter monitoring of IPO proceeds by small firms
New Delhi: To check any misuse of funds raised through IPOs, regulator Sebi plans to make it mandatory for all companies to appoint a monitoring agency to keep a tab on use of the capital raised through share sale. Under the present norms, such a monitoring agency — which could be a bank or…
In a first, foreign buyer bids for SME IPO
A foreign investor has participated in the public issue of a small and medium enterprise (SME) for the first time since the segment was introduced five years ago on the BSE and the NSE. The initial public offer (IPO) of Bohra Industries saw a bid from a foreign institutional investor (FII) amount…
Digital lending firm Zen Lefin raises Rs 17 cr from IFMR
Bengaluru: Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised Rs 17 crore from IFMR Capital Finance and its alternative investment fund by allotting nonconvertible debentures (NCDs), bringing the company’s total capital raised through the route…
Budget 2017: Tax breaks for PEs, VCs, angel investors & hedge funds?
Finance Minister Arun Jaitley may propose to create a favourable tax environment for venture capitalists (VCs), private equity (PE) firms, angel investors and hedge funds as part of the broad strategy to ease fund flow to start-ups and small businesses. The measures, likely to be announced in the…
Sebi allows Cotton Association of India to exit bourse business
Markets regulator Sebi allowed Cotton Association of India (CAI) to exit the bourse business by withdrawing its recognition. The Securities and Exchange Board of India (Sebi), in February this year, informed the CAI that since there was no trading operation on its platform for more than 1…
SEBI proposes relaxed norms for start-up listing
To encourage listing of start-ups, the Securities and Exchange Board of India (Sebi) on July 29 proposed an easier framework that allows more investor categories, relaxed shareholding norms and reduced trading lot amount. In this regard, the markets regulator has mooted changes to the framework o…