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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: You could say Saurabh Mukherjea should have known better. Author of highly-rated books such as Coffee Can Investing and former CEO of Ambit Capital, Mukherjea just paid up Rs 1.38 crore to markets regulator Securities and Exchange Board of India to settle a case of alleged breach of insider trading and fraudulent trade practices norms. Mukherjea of course isn’t the only market participant who has bought peace with the regulator by taking recourse to the negotiated settlement clause, which allows the person charged to pay a fine without the admission or denial of guilt. In 2018, mega investor Rakesh Jhunjhunwala too settled with the regulator after it initiated adjudication proceedings against him for alleged violation of PIT (Prohibition of Insider Trading norms) in the matter of Geometric Ltd. Not just individuals, companies, of all hues, have run afoul of SEBI’s insider trading laws. In January this year, New India Assurance Company paid Rs 62 lakh to SEBI as settlement in a case of delayed compliance with an insider trading regulation related to a change in its shareholding in Axis Bank. …
Editor's note: You could say Saurabh Mukherjea should have known better. Author of highly-rated books such as Coffee Can Investing and former CEO of Ambit Capital, Mukherjea just paid up Rs 1.38 crore to markets regulator Securities and Exchange Board of India to settle a case of alleged breach of insider trading and fraudulent trade practices norms. Mukherjea of course isn’t the only market participant who has bought peace with the regulator by taking recourse to the negotiated settlement clause, which allows the person charged to pay a fine without the admission or denial of guilt. In 2018, mega investor Rakesh Jhunjhunwala too settled with the regulator after it initiated adjudication proceedings against him for alleged violation of PIT (Prohibition of Insider Trading norms) in the matter of Geometric Ltd. Not just individuals, companies, of all hues, have run afoul of SEBI’s insider trading laws. In January this year, New India Assurance Company paid Rs 62 lakh to SEBI as settlement in a case of delayed compliance with an insider trading regulation related to a change in its shareholding in Axis Bank. …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
