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TARC shares plunge 10% on SEBI forensic audit
TARC shares crash 10% after Sebi orders forensic audit of results
The Securities and Exchange Board of India (SEBI) has ordered a forensic audit of the company’s financial statements for the financial years 2021 to 2023. The company announced this development in an exchange filing on Tuesday.
TARC shares plunge 10% on Sebi forensic audit; key details
The stock tumbled 10 per cent to hit a low of Rs 189.55 on BSE. The stock hit a 52-week high of Rs 275.50 on October 7. Since then, it has been falling.
Sebi appoints forensic auditor to look into realtor TARC's financial statements, stock slumps 10%
Capital market regulator Sebi has appointed a forensic auditor at TARC Limited to examine the financial statements of the company between years FY21-23, citing that disclosure by the company may have been 'detrimental to the interest of investors'. Shares of TARC were lower by 10% in early trade.
43m
Why SEBI might introduce changes to SME IPOs, what new norms could say
The SEBI board is expected to revamp the rules for SME IPOs, amid concerns over various misconducts in such public issues.
cnbctv18
1h
SEBI to launch a new platform for tracking unclaimed mutual fund folios
The service, called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), will allow investors to track their ...
1h
Clamour for accredited investors regime comes from fund managers, says Sebi's Ananth Narayan
The request to ease up on investor protection for accredited investors investing in alternative investment funds (AIFs) comes ...
National Herald
16h
Cong raises SEBI chief's conflict of interest issue in LS, asks why govt did not act
Party MP K.C. Venugopal says govt "failure" to act has tarnished its credibility, jeopardised financial governance framework ...
8h
Sebi issues HDFC Bank a warning letter again for non-compliance
Kapil was heading the mortgage business at HDFC Bank and had quit in March 2024. The Sebi letter states that the company ...
5h
Former Sebi chairman backs increased fee for directors
In FY24, only 29 of the 72 companies considered for the survey paid ₹1 lakh in sitting fees to directors, data gathered by ...
1d
SEBI may tweak SME, insider rules at upcoming Board meeting
SEBI to approve new norms for SME IPOs, angel funds, and UPSI, including higher application size and accredited investors.
7h
Sebi may revamp rules for SME IPOs, Custodians
The board will consider whether to raise the minimum application size for the public offerings of small and medium(SMEs) to ...
18m
Gurugram-based MSME lender Aye Finance Limited files DRHP with SEBI for ₹1,450 crore IPO
Aye Finance has demonstrated strong financial performance, reporting a 291.5% surge in profit after tax (PAT) from ₹43.9 crore in FY2023 to ₹171.7 crore in FY2024.
21h
SEBI's proposals for algo-trading norms could end illegal PMS arrangements within families
In a consultation paper released on December 13, the Securities and Exchange Board of India suggested a review of regulations ...
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HDFC
Securities and Exchange Board of India
TARC
Arvind Kapil
Mutual fund
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