The Securities and Exchange Board of India (Sebi) on Wednesday approved key proposals with regard to introducing an ASBA-like mechanism for secondary trades, listing obligations, material disclosures, mutual fund sponsors and ESG norms. The Sebi board accepted the proposal to introduce a settlement mechanism for stock trades that will result in investors’ funds effectively leaving […]
Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank. The boards of IDFC First Bank and IDFC have approved the reverse merger in July. “….IDFC Limited and IDFC Financial Holding Company (IDFC FHCL) have received letters dated December 26, 2023 from RBI […]
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