New Delhi: State-owned Power Grid Corporation of India has filed draft papers with Sebi for floating an Infrastructure Investment Trust (InVIT) through which it seeks to raise more than Rs 5,000 crore. This will be the first InVIT in the country to be floated by a public sector company. The offer includes fresh issue as well as offer- for-sale. The power transmission major […]
Read MoreNew Delhi : Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd […]
Read MoreNew Delhi: New Delhi Television Ltd (NDTV) on Tuesday said it will appeal against market regulator Sebi’s order imposing a fine of Rs 5 crore on the company for alleged failure to disclose price-sensitive information about certain loan agreements. The company, in a regulatory filing, said it has been advised by lawyers that the Sebi order is […]
Read MoreNew Delhi: Markets regulator Sebi on Tuesday levied a fine of Rs 10 lakh on Satyam Computer Services Ltd’s head of investor relations for indulging in insider trading in the firm’s scrip. The head of investor relations of Satyam Computer Services Ltd (SCSL), T A N Murti, violated Prohibition of Insider Trading norms, markets watchdog said in an order. […]
Read MoreNew Delhi: Markets regulator Sebi on Friday imposed a penalty of Rs 10 lakh each on three public sector financial institutions — SBI, LIC and Bank of Baroda — for not complying with the mutual fund norms. Sebi observed that State Bank of India (SBI), Life Insurance Corporation of India (LIC) and Bank of Baroda (BoB) are the sponsors of SBI Mutual Fund, LIC Mutual Fund and Baroda Mutual […]
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