Since 11 months, Sebi has not been able to make these companies deposit the required money in an escrow account.
Bharti Infratel is a provider of telecom towers and related infrastructure and on a consolidated basis, is one of the largest in India, "based on the number of towers that Bharti Infratel owns and operates and the number of towers owned or operated by Indus, that are represented by Bharti Infratel's 42 per cent equity interest in Indus," according to the offer document.
Sebi Chairman U K Sinha has been demanding tools such as access to phone records from the government
The government of Mauritius is likely to issue a new format for the tax residency certificate (TRC) for foreign institutional investors (FIIs), incorporating additional particulars required by the Indian government.
Earlier, the regulator only mandated disclosures and issued observations. It was on an investor to read the disclosures carefully and take an informed decision.
What stops you from writing a cheque for Rs 7.94 crore, if you are sure the payee won't present it for payment? Nothing, really, not even the fact that your bank account has a balance of Rs 1 lakh or less. It is this confidence that seemed to have helped the Robert Vadra-promoted Sky Light Hospitality to write one or more cheques amounting to Rs 7.94 crore and account that as "book overdraft" in its balance sheet for the year ended March 31, 2008.
Several other little known entities, realty players involved in transactions with his four firms.
The minister added that the exchanges should not be discouraged by the failure of past attempts at launching such a dedicated platform for small exchanges.
IDBI Bank's recent overseas money raising experience points to renewed interest in India.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Regulator could consider additional avenues for promoter stake dilution.
Advisory firm Institutional Investors Advisory Services (IIAS) has advised investors to vote against a resolution seeking the reappointment of the statutory auditor of technology major Infosys.
Staff submissions show clients may have disowned initially authorised transactions after losses.
Writes to coal secretary; may move court today as it finds directors' response inadequate.
Much is riding on the role of market intermediaries to get this platform going
Much is riding on the role of market intermediaries to get this platform going
Lapped up 157 mn shares worth Rs 4,000 crore between Jan 1 and Feb 8
The exchange granted 1.96 million stock options under two employee stock option (Esop) schemes in 2006 and 2008 to those eligible, according to regulatory filings.
Finance Ministry meets market participants, wants feedback.
According to back of envelope calculations, the value of shares released in the past two weeks worked out to be Rs 262 crore (Rs 2.62 billion).
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