The overall worth of open offers for public shareholders hit a one-year high of Rs 12,549 crore in June, almost entirely on account of a mega offer by global liquor giant Diageo Plc to acquire stake in United Spirits.

As per Sebi's latest monthly report, the market regulator approved a total of 8 open offers for shares worth Rs 12,549 crore in June, 2014. This is the highest value for open offers made for a month after Rs 29,242 crore recorded in June, 2013.

As the Government has decided against granting search and seizure powers to SEBI, a top official today said the market regulator has to approach a designated court to be set up in Mumbai for seeking sanction for it.

Replying to a specific question whether the Board felt that its power was diluted with the new Bill, Securities & Exchange Board of India (SEBI) Chairman U K Sinha said the bill provided for the establishment of a designated court and the Board has to approach to seek sanction for seizure and search operations.

The Union Cabinet cleared the Securities Laws (Amendment) Bill on Thursday, to empower the Securities & Exchange Board of India (Sebi) to effectively check illegal deposit taking and Ponzi schemes, with a corpus of at least Rs 100 crore.

“The Cabinet Committee on Economic Affairs has cleared the Bill,” a finance ministry official said after the meeting. It will be introduced in Parliament and replace an earlier ordinance to this effect.

To facilitate divestment by erstwhile promoters of MCX, Sebi has relaxed lock in period for such stake sale in the commodity bourse.

Sebi has allowed Financial Technologies to bring down its stake to 1.99 per cent in MCX.

The Securities and Exchange Board of India (Sebi) is set to issue fresh guidelines on the settlement guarantee fund (SGF), which could see the introduction of a core fund and limit the liability of non-defaulting members.

The capital markets regulator undertook the revamp of SGF, a corpus used for settlement of trades during defaults, following the Rs 5,600-crore settlement crisis at the National Spot Exchange (NSEL) a year ago.

Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday put out draft regulations for so-called infrastructure investment trusts that were announced in the finance minister’s budget speech last week to provide easier financing options to developers of public works.

Such trusts will be able to invest in infrastructure projects only directly or through special purpose vehicles (SPVs), the market regulator said. For public-private partnership (PPP) projects, investments can be routed only be through an SPV, it said.

The Securities and Exchange Board of India (Sebi) on Tuesday slapped a penalty of around Rs 3,000 crore on five former Satyam Computer executives, including founder B Ramalinga Raju, for violation of various securities market regulations like the one on insider trading. The market regulator also barred these individuals from accessing the securities market for 14 years.

In a fresh crackdown on illegal money pooling schemes, the Securities and Exchange Board of India (Sebi) has conducted surprise inspections on two West Bengal-based groups, suspected to have garnered hundreds of crores of rupees through such activities.

A team of Sebi officials from Kolkata and Mumbai conducted inspections at four locations of Prayag Group offices and three locations of Palian group offices in Kolkata, a senior official said.

As the debate continues on extra powers given to the Securities and Exchange Board of India (Sebi) to take on fraudsters and defaulters, the number of attachment orders passed by the capital markets watchdog has crossed 700 for recovery of about Rs 1,600 crore.

India's mutual fund industry, which has long been critical of Securities and Exchange Board of India's (Sebi) regulations in the past few years, seems to have no complaints from the regulator when it comes to speedy clearances of new fund offers (NFOs). In particular, the fast approvals to fund houses' new equity schemes is something which has impressed the industry players.

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