Sebi asks merchant bankers to upload IPO documents on exchange’s repository platform, ET LegalWorld
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials. However, such documents must be available for the purpose of supervisory functions of […]
SEBI investigating role of merchant banker of cancelled Trafiksol ITS Technologies’ IPO, ET LegalWorld
The Securities and Exchange Board of India (SEBI) has initiated an investigation into the role of Ekadrisht Capital Private Limited, the sole book-running lead manager (merchant banker) for the now-cancelled IPO of Trafiksol ITS Technologies Ltd. The regulatory body’s action stems from serious concerns regarding alleged irregularities in the IPO process and the company’s disclosures. […]
Sebi modifies interim directions for Axis Capital in merchant banker norms violation case, ET LegalWorld
Sebi on Tuesday modified its interim order prohibiting Axis Capital Ltd from engaging in any transactions in the debt segment that involve providing credit risk cover, guarantees and indemnities for the purchase of pledged shares until further notice. Sebi, in its interim order in September, prohibited Axis Capital from undertaking new assignments as a merchant […]
Sebi bars Axis Capital from taking new debt merchant banking assignments, ET LegalWorld
Markets regulator Sebi on Thursday restrained Axis Capital from taking up new assignments as a merchant banker for debt securities until further notice, in a case of providing guarantees for the redemption of Non-Convertible Debentures (NCDs) of Sojo Infotel. In its interim order, Sebi said “ACL provided guarantee/indemnity towards redemption of NCDs in the guise […]
PayGlocal gets RBI nod to operate as online merchant payments company, ET LegalWorld
Tiger Global-backed payments startup PayGlocal has received the online payment aggregator licence from the Reserve Bank of India (RBI). PayGlocal joins the likes of Razorpay, Cashfree, and CCAvenue to get the licence which will allow it to provide payment services for ecommerce merchants. PayGlocal is an international payments-focused startup and has also applied for a […]