Entries Tagged 'SEBI' ↓

Kolte Patil issue has been recently completed and like Dhanus Technlogies there is a new problem with  the Kolte Patil Public issue also. SEBI has guided Kolte-patil to give exit option to the investors who have invested in the issue.

In an statement issued by the Kolte-patil the company has said, that from now onwards till the end date of 4th December, investors can withdraw their applications if they like from the issue. The issue raised following a litigation faced in relation to the company’s ‘Whispering Meadows’ project and the company has not clearly mentioned these legal cases in their Draft prospectus.

It is intresting to watch now how many investors stay invested and whether there would be any action in the QIB’s pulling out from the issue.

Reliance Power Limited (RPL) has lodged a complaint with SEBI against 29 individuals who were belived to be carrying out  campaign against the Reliance Power IPO.

Market sources claimed that the complaint with SEBI carries names from different sections ranging from Parliament Members, State Legislators and to those in Reliance Industries Limited.

An RPL spokesperson said, “We have filed a formal complaint with Sebi to investigate the disinformation campaign launched against Reliance Power IPO.”

Sources also claimed that the Sebi complaint relates to forging of letters by individuals while petitioning various government offices against REL projects being passed on to RPL.

The issue all started later when the company has filed its DRHP with SEBI for IPO and slowly the media reports have been building up regarding the irregularities in the IPO, claiming that the Reliance Energy’s power projects are being moved to Reliance power creating a loss to the Reliance Energy Investors.

It would be interesting to see how things turn up in the coming days for the much talked about Reliance IPO.

The SEBI board has decided to clear the application of National Securities Depository Ltd, (NSDL) to act as a central record-keeping agency (CRA) under the new pension scheme of PFRDA. Earlier, SEBI had rejected NSDL’s application on the ground that it was not part of the core activities of the depository.

SEBI board, at its meeting on Wednesday, has cleared the proposal subject to certain conditions, an official said.

After ASK Financial Securities has been fined by SEBI, now it is the turn of BRICS Securitie to which SEBI has imposed penalty of Rs 10 Lakhs . It is the second brokerage that has run into trouble with market watchdog SEBI for conducting transactions for Manoj Seskaria, after SEBI banned him from accessing capital markets.