
Motilal Oswal Financial Services, who were distributors of the digital gold product MMTC-PAMP, will refrain from distribution of this product

The Supreme Court had stayed the Securities Appellate Tribunal (SAT) order on August 2, which had upheld a penalty of Rs 1 crore

The company had filed preliminary papers with Sebi on August 3, to raise funds through an initial public offering (IPO)

The IPO comprises fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale of 21,900,100 equity shares by selling shareholders

The proposed listing of AWL will comprise an IPO in the form of fresh issue of new equity shares by AWL for an amount of up to Rs 4,500 cr

Additional penalty 3% will be levied in the event of default on delivery obligations takes place three times or more during six months

Sebi has amended the regulations governing alternative investment funds (AIFs) to simplify and rationalise compliance requirements

The FPO is being launched to meet the Sebi norm of minimum public shareholding of 25% in a listed entity

The enhanced overall limit will be applicable for 10 years from the date of the company's incorporation

The regulator has also reduced the minimum lock-in of pre-IPO securities held by persons other than promoters to six months from the date of allotment