Tag Archives: Sebi

GDR manipulation: Sebi levies Rs 16 cr fine on Sanraa Media, its 6 officials

New Delhi: Regulator Sebi imposed a fine of over Rs 16 crore on Sanraa Media Ltd and its six officials in a matter related to manipulation of global depository receipts (GDRs). The order comes pursuant to an investigation conducted by Sebi in connection with several Indian companies that had issued GDRs in overseas market with the intention of defrauding Indian investors. Sebi found that ... Read More »

UK Sinha Assumes Office, Begins New Term As Sebi Chairman

New Delhi: U K Sinha today began his new term as Chairman of capital markets regulator Sebi following his reappointment to this position by the government. Sinha, who became Chairman of the Securities and Exchange Board of India (Sebi) on February 18, 2011, was initially appointed for a three-year term and was later given a two-year extension. Days before his ... Read More »

Disinvestment May Get Boost As Sebi Tweaks OFS Norms

New Delhi: In a move that may give a boost to the government’s disinvestment plan, the Securities and Exchange Board of India (Sebi) on Monday agreed to its suggestion for cutting the advance notice period for OFS (offer for sale) to one day and allowed retail investors to place their bids a day later for such share sales. Currently, listed ... Read More »