"capital-markets"

The proposed IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities

SEBI is reported to have initiated investigations against these companies for the alleged illegal diversion of funds by promoters to their relatives or front companies for personal use rather than the declared purpose for which the money was raised

In a statement, the regulator said it has formed Working Groups to recommend simplification of various Sebi rules.

The statement came after a section of media reported that Sebi is seeking curbing retail participation in derivative markets.

On April 27, 2021, the Indian rupee closed around 74.66 against the US dollar, or about 3 per cent lower than levels in mid-March.

The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022