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"There must be something pretty serious for them to take an action like this but at the same time, since official data is not available on why they have taken that action, it is difficult to look at proportionality of whether it is fair enough, whether what they have done is in line with the opex that is need to be till the violation is there ."

Taking cues from the global price trends, the MCX April gold futures were trading at 62,504 per 10 grams at 9:20 am, down Rs 70 or 0.11%, the March Silver contracts were down by Rs 179 or 0.25% at Rs 70,415 per kg.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 11.88 per cent and 6.64 per cent, respectively.

A total of 792 shares changed hands on the counter till 10:56AM (IST).

Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regulator had waived the lock-in for DHFL General Insurance. In 2020, this company was acquired by Flipkart co-founder and former CEO Sachin Bansal from Kapil Wadhawan-led financial services group Wadhawan Group Capital (WGC) for ₹100 crore as a distressed sale due to the bankruptcy of DHFL.

Prospective bidders have been given time until December 23 to submit fresh resolution plans with January 2, 2024 being set as the date for issuing the provisional list of prospective applicants., documents accessed by ET showed.

NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 crore for debt-laden engineering, procurement, and construction company Simplex Infrastructure, which is less than 7% in recovery to lenders. Simplex owes lenders, led by Punjab National Bank (PNB), a total of Rs 9,600 crore and is one of the largest accounts to be referred to bankruptcy courts in recent times. NARCL is preparing to acquire the loan in cash and security receipts (SRs).

Foreign holdings in NSE-listed companies was at 18.19% as of December 2023 down from 19.66% in December 2018 or 19.36% as of December 2013. FIIs holding hit a peak of 21.21% in December 2020.

Sebi has observed that at times, draft offer documents filed with it for public and rights issue of securities are found lacking in compliance with its disclosure rules.