[ad_1] Tata Play, formerly known as Tata Sky, has become the first Indian company to file a confidential pre-filing of offer document for its initial public offer (IPO) with market regulator Sebi.The Tata group firm filed documents with Sebi, BSE and National Stock Exchange (NSE) on November 29. The firm...
Sebi asks mutual funds to act against con Telegram channels, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Securities and Exchange Board of India (Sebi) has directed mutual funds to act against dubious Telegram or social media groups posing as asset managers or associates created to con investors. The capital markets regulator said in a communication to the industry on November 30, Telegram is rife with...
Kalyani Group promoter pays Rs 3 lakh to settle case with Sebi, Legal News, ET LegalWorld – Legal Firms
[ad_1] Baba Kalyani, promoter of Kalyani Group, has settled a case of alleged violation of SAST (Substantial Acquisition of Shares and Takeovers) norms in the matter of Bharat Forge Ltd (BFL) with markets regulator Sebi on a payment of Rs 3 lakh. Bharat Forge Ltd is a subsidiary of Kalyani...
Sebi penalises 15 entities for manipulating Parichay Investments stock prices, Legal News, ET LegalWorld – Legal Firms
[ad_1] Markets regulator Sebi on Wednesday levied fines totalling Rs 1.15 crore on 15 entities for manipulating the share price of Parichay Investments Ltd (PIL). The regulator imposed fines in the range of Rs 5 lakh to Rs 10 lakh on 15 entities. The order came after the Securities Appellate...
Biocon Biologics completes acquisition of Viatris Inc, Legal News, ET LegalWorld – Legal Firms
[ad_1] Chennai, Biocon Biologics Ltd, a subsidiary of listed biopharmaceutical company Biocon Ltd, on Tuesday announced the completion of its acquisition of global biosimilars business of its partner Nasdaq listed Viatris Inc.Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators, including the US Federal Trade Commission,...
Tata to bolster Air India with Vistara merger, Legal News, ET LegalWorld – Legal Firms
[ad_1] Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies.Autos-to-steel conglomerate Tata will hold 74.9% of the combined entity, while SIA will own the remaining 25.1%,...
Sebi forms a high-level panel to review corporate takeover rules, Legal News, ET LegalWorld – Legal Firms
[ad_1] India's capital markets regulator has formed a high-level panel to review corporate takeover rules, the first such anticipated overhaul in more than a decade, as Asia's third-biggest economy seeks to establish a contemporary M&A regime that bakes in momentous changes spawned by the Global Financial Crisis and the emergence...
Report, Legal News, ET LegalWorld – Legal Firms
[ad_1] The cumulative recovery rate under the insolvency resolution processes of debt-ridden companies declined to 30.18 per cent at the end of the September quarter, indicating that lenders took more haircut on their exposure, shows a study. The recovery rate has fallen steeply from a peak of 43 per cent...
Medley-Cipla deal talks called off over valuation issues, Legal News, ET LegalWorld – Legal Firms
[ad_1] Medley Pharmaceuticals has called off its sale after talks with lead contender Cipla failed on a valuation mismatch and differences over some agreement terms, multiple people aware of the development said.This is the second pharma merger and acquisition (M&A) transaction that has been called off or postponed recently due...
I-T wing’s lens on offshore payments by Indian companies now, Legal News, ET LegalWorld – Legal Firms
[ad_1] The hunt for black money in foreign shores is broadening from individuals to companies. For the first time, the Foreign Asset Investigation Unit (FAIU), a wing of the Income Tax (I-T) department, has sent notices to local companies, including a few listed entities. Till now, enquiries carried out by...