institutional buyers

After Retail Investor Sebi extended ASBA facility to corporate and HNIs

The market watchdog Sebi today extended the ASBA (application supported blocked amount) facility to corporate investors and high networth individuals (HNIs) to enable them to apply for IPOs or rights issue by keeping the application money in their bank accounts till allotment. Currently, this facility is available only to retail investors.
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SEBI allowed companies to auction their shares in a FPO to QIBs at differential prices above the floor

Markets regulator SEBI has decided to allow companies to auction their shares in a follow-on public offer (FPO) to qualified institutional buyers (QIBs) at differential prices above the floor, while retail investors will get shares at the floor price.
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Income Tax (IT) raid at HDIL , admitted tax evasion of more than 300 crore

The Income Tax (I-T) department has raided 12 Housing Development and Infrastructure (HDIL) premises, reports CNBC-TV18 quoting sources. The raided premises include residences of two HDIL directors. HDIL’s shares dropped 3.85% on the Bombay Stock Exchange on Thursday to Rs308.65. The benchmark 30-stock Sensex rose 0.21% to close at 16,216.86 points. HDIL is listed on both the BSE and the National [...]
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SEBI appointed committee recommended limiting the period for participation by QIBs in the IPO to 2 or 3 days

THE Securities and Exchange Board of India (Sebi)-appointed primary market advisory committee (PMAC), which met on Thursday, has recommended limiting the period for participation by qualified institutional buyers (QIBs) in the subscription process of an IPO.
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