Jayshree P Upadhyay

SGX to make complete exit from IPO-bound BSE

BSE changed from a member-owned organization to a shareholder-owned company in 2005—a decision that took effect in 2007. SGX and Deutsche Boerse AG each acquired a 5% stake in 2007.

India: NSE appoints CitiGroup, three others to manage IPO

NSE on 27 June had announced that the exchange would file documents in January for an initial public offering (IPO) that would give an exit opportunity to its institutional investors.

India: Government makes fresh push for NSEL’s merger with FTIL

A unit with a separate corporate identity will not be so heavily reliant on a parent as NSEL is on FTIL, govt tells HC.

India: Sebi bats for relaxed regulations for AIFs

Mumbai: The markets regulator has written to the Reserve Bank of India and the finance ministry to ease regulations for alternative investment funds (AIFs), in line with the suggestions of a committee headed by Infosys Ltd co-founder N.R. Narayana Murthy, two persons familiar with the development said. The Securities and… Read more »

India market regulator Sebi bats for easier startup listing norms

A discussion paper released by the markets regulator has suggested easing of restrictive clauses on the shareholding structure of a firm that wants to raise money. It proposed allowing non-institutional investors to subscribe to a higher portion of the offer and reducing the trading lot size.

India raises foreign shareholding cap in stock exchanges to 15%

The change in rules may pave the way for foreign exchanges to increase their stake in Indian counterparts. Singapore Exchange Ltd and Deutsche Boerse AG currently hold 4.9% each in BSE Ltd. Top investors in NSE include Gagil FDI Ltd (Cyprus), GS Strategic Investments Ltd, SAIF II SE Investments Mauritius Ltd and Aranda Investments (Mauritius) Pte Ltd.

India: BSE secures shareholders’ nod to launch IPO through offer for sale

BSE cleared the final hurdle to go public after its shareholders approved a proposal for an initial public offering (IPO).

India: SEBI may scrap listing platform for start-ups

Sebi may now allow listing on the regular stock exchange platform as concept of a separate listing platform has failed to attract tech start-ups

India: Sebi moots easier norms for REITs, relocation  of foreign fund managers

Sebi will allow REITs to invest a larger corpus in under-construction assets. The current regulations cap investment of REITs’ assets in under-construction projects at 10%, which will be raised to 20%.