GAGA Share Market News

[hfe_template id='11223'] [ad_1] India's markets regulator is working to streamline the fundraising process for companies and simplifying public offer documents for investors, Chairperson Madhabi Puri Buch said on Friday. The Securities and Exchange Board of India (SEBI) is working to merge rights issues and preferential allotments to expedite fundraising, Buch said at an event in Mumbai, adding that combining the two would cut the time companies need to raise funds by half. In a rights issue, a company invites its current shareholders to buy additional stock at a discount. In contrast, a preferential allotment is when a company issues shares or convertible securities to a select group of investors outside its existing shareholders, not through a public offering. If a company has received approval for a rights issue, it can it can also allocate shares preferentially to new investors if part of the issue remains unsubscribed, Buch said. The regulator is also working...

[hfe_template id='11223'] [ad_1] Every year, I look at the budget for two things: what it means for our capital markets, and what it means for our entrepreneurial ecosystem. On these fronts, the budget brings both good and bad news. In a way, the Economic Survey set the stage for some of the changes in the budget. The publication noted what Sebi, RBI and others have been saying about speculative activity in some segments of the financial markets. Sebi has made it clear that it wants to tamp down on some of this speculative mania in the markets. The finance minister made changes in the securities transaction tax (STT) levied on futures and options in that direction. The STT charged on options has been increased from 0.0625% to 0.1% of the option premium. The STT charged on futures has been increased from 0.0125% to 0.02% on the price of futures. This makes trading futures and options costlier now. Although these instruments were originally meant to let institutional inves...