Sahara Group on Wednesday said it is unreasonable to ask it to deposit more money as funds totalling Rs 24,000 crore are lying unutilised with regulator Sebi for the last nine years and it was hurting the business interests of the group. The statement comes a day after Sebi Chairman Ajay Tyagi said Sahara is yet to fully deposit the money ordered by the Supreme Court in August
SEBI chief Ajay Tyagi advised mutual fund firms to avoid investing in crypto assets until the country frames rules on digital tokens even as asset managers have started seeking approval for schemes with exposure to the blockchain ecosystem.
Speaking at an event organised by the Association of Investment Bankers of India, Tyagi said such companies access capital markets both to provide exit to existing investors and to fund their growth ambitions.
The pressure is expected to be greater for power sector PSUs as a majority of those are part of top-500 listed companies by market capitalisation, which are required to split the post by April 1, 2022.
New Delhi, Dec 19: With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra’s appointment as chairman. While the capital markets regulator Sebi had initially asked listed companies to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards, it […]