India’s capital-markets regulator has fined Anil Ambani-promoted Reliance Commercial Finance (RCFL) for violation of disclosure norms. The Securities and Exchange Board of India (Sebi) said it received four letters from debenture trustee Vistra ITCL providing information regarding various defaults by RCFL in the repayment of interest and principal amounts to debenture holders. “I note that […]
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The Securities and Exchange Board of India (Sebi) is planning to strengthen the existing complaint resolution procedure in the securities market by making use of the online dispute resolution mechanism. The regulator has proposed to make the existing market infrastructure institution- (MIIs) administered mediation and arbitration mechanism more accessible and effective for investors. It suggested
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The board of Digital financial services firm One97 Communications (OCL), which owns the Paytm brand, on Tuesday, announced a ₹850 crore share buyback scheme through the open market route to shore up its collapsing stock price. Paytm shares ended at ₹538.40 on BSE on Tuesday. Paytm announces ₹850 crore share buyback: The maximum size of
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Max Financial Services Limited (MFSL) announced that it has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to purchase the balance 5.17% stake held by Mitsui Sumitomo Company Limited (MSI) in Max Life Insurance Company Limited (Max Life). The transaction is expected to be concluded in the next fortnight. Earlier, Max
