The Securities Exchange Board of India has released a consultation paper to amend existing regulations on buyback of securities or shares from the open market to make such routes shareholder-friendly. The proposals send mixed signals to investors.
The Securities Appellate Tribunal (SAT) has recently directed the Securities Exchange Board of India (SEBI) to pay Rs 2 lakh each to four appellants while quashing a SEBI order.
The Supreme Court on Thursday stayed the proceedings in the dispute between Amazon and Future Retail Limited (FRL) pending before the Delhi High Court for four weeks.
Mukul Rohatgi, Senior Advocate for Prannoy Roy and Radhika Roy started making submission that penalty proceedings were initiated, to which Solicitor General Tushar Mehta submitted that penalty proceedings are different.
The Security and Exchange Board of India (SEBI) issued interim orders for two employees of Infosys Limited and six other entities in the matter of Insider Trading, which shall be in force until further orders.
Pursuant to Share Purchase Agreement dated between the KAL Airways Pvt. Ltd and Mr.Kalanithi Maranand Royal Holdings Services Ltd the acquirers agreed to acquire 31,077,500 equity shares of the Target Company.