Tag: Sebi

IndustryLatest Stories

SEBI Considers Expanding Investment Options for REITs, InvITs

BENGALURU: The chairperson of India’s market regulator has announced plans to expand liquid mutual fund options for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to enhance their participation in the market. “We are reviewing a proposal to increase the accessible liquid mutual fund schemes for REITs and InvITs, with a focus on protecting investor interests,” said Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (SEBI). Furthermore, Pandey noted that SEBI will work towards incorporating REITs into market indices, as outlined in his speech on the regulator’s website last Friday. This initiative follows SEBI’s…

Latest StoriesRegulatory

SC Criticizes SEBI’s Double Standards in Indiabulls Probe

NEW DELHI: The Supreme Court has expressed concerns over the CBI and SEBI’s “reluctance” to investigate allegations of questionable transactions involving Indiabulls Housing Finance Limited (IHFL), now rebranded as Sammaan Capital Limited. The court ordered the CBI director to convene a meeting with SEBI, SFIO, and ED to address the matter. A bench including Justices Surya Kant, Ujjal Bhuyan, and N. Kotiswar Singh criticized the Ministry of Corporate Affairs (MCA) for its handling of multiple offenses committed by IHFL, citing “double standards” in SEBI’s regulatory actions. The court questioned the delay in filing a First Information Report (FIR) and emphasized…

Latest StoriesRegulatory

SC Delays Sahara’s Property Sale Hearing to Adani by 6 Weeks

NEW DELHI: On Monday, the Supreme Court postponed the hearing on Sahara Group’s request to sell properties to the Adani Group by six weeks. The court directed the Centre to respond to the note submitted by the amicus curiae regarding the matter. A bench comprising Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh incorporated the Ministry of Cooperation after Solicitor General Tushar Mehta informed that multiple cooperative societies formed by the Sahara Group may be impacted. Senior advocate Shekhar Naphade, acting as an amicus curiae, presented a note to the court, highlighting numerous objections regarding the properties…

IndustryLatest Stories

Suraj Estate Developers Q2 FY26 Net Profit Rises 3.96%

NEW DELHI: Suraj Estate Developers has announced a 3.96% growth in net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹33.09 crore in Q2 FY26, compared to ₹31.83 crore during the same period last year, according to a filing with BSE. The company reported a total net consolidated income of ₹145.42 crore in Q2 FY26, marking a significant increase of 32.65% from ₹109.63 crore in the equivalent quarter last year. The board of directors has approved a postal ballot notice to seek shareholder approval for the special resolution regarding the appointment of Ananta Singh…

CommercialLatest Stories

WeWork India addresses InGovern’s IPO compliance report

WeWork India Management has responded to governance concerns highlighted in a Governance Watch report from InGovern. Following this, InGovern issued an addendum that included the company’s clarifications. The clarifications cover various issues related to the company’s recent initial public offering (IPO), including its structure, financial eligibility, internal controls, and legal matters involving promoters. In response to concerns regarding the IPO being completely an Offer for Sale (OFS) without new capital, WeWork India emphasized its ability to generate enough free cash flow and EBITDA to support operations and growth. The company noted a promoter investment of Rs 5,012.81 million through a…

Latest StoriesRegulatory

SC asks Centre, SEBI about Sahara firm’s property sale to Adani

NEW DELHI: The Supreme Court has requested responses from the Centre, the Securities and Exchange Board of India (SEBI), and other stakeholders regarding a petition by Sahara India Commercial Corporation Ltd (SICCL) to sell 88 prime properties to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, reviewed the interlocutory application related to the Sahara Group’s refund obligations. The bench, acknowledging Solicitor General Tushar Mehta’s submissions, directed that the Union Ministries of Finance and Cooperation be added as parties to these proceedings and requested their response…

Latest StoriesRegulatory

SC to Hear Sahara Firm’s Asset Sale Plea to Adani Tuesday

NEW DELHI: The Supreme Court is set to hear a plea from Sahara India Commercial Corporation Ltd (SICCL) on Tuesday, requesting permission to sell properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, will consider the request at 2 PM. On Monday, an attorney presented another plea regarding the release of salaries for employees at a Sahara group firm, noting that salaries have been on hold since 2014. Additionally, a lawyer representing one of…

Latest StoriesRegulatory

ED Alerts Supreme Court to IHFL’s Financial Transaction Issues

NEW DELHI: On Wednesday, the Enforcement Directorate (ED) highlighted significant irregularities in the financial dealings of Indiabulls Housing Finance Ltd, now referred to as Sammaan Capital Ltd. This comes as an NGO informed the Supreme Court that the Ministry of Corporate Affairs (MCA) overlooked numerous corporate governance violations by IHFL, disregarding adverse reports from the market regulator, SEBI. Despite strong objections raised by senior advocate Harish Salve, representing Indiabulls, a bench comprising Justices Surya Kant, Ujjal Bhuyan, and N K Singh directed a ‘responsible officer’ from MCA to present original documents related to IHFL in court on November 19. The…

Latest StoriesRegulatory

SC Requests MCA Records on Indiabulls Complaint Closures

NEW DELHI: The Supreme Court on Wednesday instructed the Ministry of Corporate Affairs to submit the original records related to the closures of irregularities identified by the Securities Exchange Board of India (SEBI) concerning Indiabulls Housing Finance Limited, now known as Sammaan Capital Limited. A bench comprised of Justices Surya Kant, Ujjal Bhuyan, and N Kotiswar Singh requested Additional Solicitor General SV Raju, representing central investigating agencies, to clarify how many cases have been closed. “We wish to understand the extent of your leniency in resolving hundreds of objections,” Justice Kant remarked, directing that a senior official from the Ministry…

IndustryLatest Stories

Anant Raj Shares Drop 4% After QIP Launch, Floor Price at ₹695.83

Shares of Anant Raj Ltd experienced a decline, dropping by up to 4% to a low of Rs 708.40 on the NSE on Wednesday, October 8. This dip followed the company’s board decision to initiate a qualified institutional placement (QIP) of equity shares with a minimum price set at Rs 695.83 per share, representing a 5.5% discount relative to the previous closing price of Rs 736. The floor price aligns with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as stated in a regulatory filing from October 7. Anant Raj noted that the…