Discover and read the best of Twitter Threads about #SEBI

Most recents (24)

⚠️SEBI has imposed a penalty of INR 20L 💰 on Sangam India for delayed ⏰disclosures with respect to Promoter Share Transactions ⛳️❌

A Thread 🧵

#SangamIndia #SEBI #redflag #corporategovernance
1. Promoter bought 4.55% stake but disclosed it after delay of 1926 days Image
2. The inter-se promoter transaction of more than 5% in FY17 was also disclosed with delay of 1200 days Image
Read 7 tweets
SEBI bars IIFL Securities from onboarding clients for 2 years due to the misappropriation of funds

A thread #sebi #investing #iifl #IIFLSecurities #redflag #corporategovernance
During inspections, it came to light that out of the 45 client bank accounts examined, a staggering 26 were not titled as "client accounts." This despite a prior warning from BSE.

Violated provisions of the SEBI 1993 Circular
The inspection team discovered a troubling trend. Funds were regularly transferred from client bank accounts and clients' dividend accounts to IIFL's Pool/Control Accounts. These accounts, managed and controlled by IIFL, functioned as the company's own bank account. Image
Read 7 tweets
📢 Attention Investors! 🚨

🔍 Dive into the latest bombshell from SEBI regarding Brightcom. This time, it's about the Promoter's alarming and unusual trading behaviour.

Let's dive into the details 🧵! 📈

#Brightcom #SEBI #redflag #corporategovernance
The background : Promoters are purportedly disregarding regulations pertaining to their trading activities⚠️🤯 Image
1. Disclosure Lapses in trading by promoters: Law says you have to disclose if your traded value is more than 10L

There were instances where disclosures were not made. Promoter denied wrong-doing but was termed untenable by SEBI ImageImage
Read 7 tweets
SEBI has come out with EOP guidelines which hugely impacts how Direct Plans are currently being sold in the country. Read on for finer details:

1) All online platforms to classify themselves as EOP1 or EOP2 which means an Execution-Only Platform

#mutualfunds #directplans #SEBI
2) Background - Most of the online platforms offering Direct Plans operate under the SEBI RIA (advisory) regulations but owing to the size & scale of business they act as mere facilitators of Direct Plans. They dont necessarily give full-fledged advisory services to clients.
3) To bring more clarity around such online platforms, SEBI has issued new circular which allows such platform to move from being advisory in nature to being execution paltforms.

4) All platforms will have to opt one mechanism --EOP 1 or EOP2.

Read 13 tweets
Continuous delay in Merger Proceeding by Creditors
SEBI’s Shirpur Gold Refinery Order on Fund siphoning

SEBI asked resignation of Punit Goenka, MD CEO of Zee as well Mr. Chandra of Essel Group.

Let’s take a deep dive into this interim order and understand!

#Zeel Image

Resignation of 2 Independent Director - Sunil Kumar and Neharika Vohra in Nov’19 on misappropriation of FD of Zee by Yes Bank for squaring off loan of other Essel grp entities
Mr Subash Chandra, then chairman of Zeel/Essel grp provided LoC to yes bank on 200 Cr Loan o/s in Essel Green Mobility Limited. as per LoC, he accepted that Essel group companies incl Zee will have FD of 200 Cr that can be used in event of default
Read 11 tweets
1) Who is the Promotor
2) Promoter Holding (Movement over last 1 year - Shud have increase or remain stagnant)
3) Promotor holding shud be more than 65% and Retail max holding shud not be more than 10%
3) It shud be a product based co and not services oriented
4) ROCE, ROE shud be more than 20%
5) Operating Mgn shud be more than 15%
6) FII Holding shud b there (Best is FII shud have increased the stake in the company in last 1 year)
7) There shud be Nil Debt or if debt is there check the DSCR ratio.. it shud be more than 4 ideally)
8) Check OTHER INCOME in Qtrly and Yearly balance sheet (It shud not be more than 5% of the total income)
9) Div payout history (Its good if they r sharing their income to shareholders)
Read 5 tweets
Twitter is a place where facts are irrelevant and Google is an enemy! 1. Takes 1 minute to check SEBI board of directors 2. corp governance committee doesn’t influence policy 3. Lawyers have a far bigger influence even without family connections by marriage.They include…
..such lawyers are across the political divide. So results would be no different even if govt changed. 4. For heaven sake neither #SupremeCourt nor #SEBI has given #Adani a clean chit. A SC appointed committee has done it in a jhatphat report that goes far beyond Adani…
While those suggestions and structures feel good- absolutely nothing new if you have read our writings in @MoneylifeIndia ! (Boast fully justified and can be proven line by line) @Moneylifers @MoneylifeF
Read 5 tweets
Adani-Hindenburg issue

#SupremeCourtOfIndia to hear SEBI's application seeking extension of 6 months to complete its investigation.

#SupremeCourt… Image
Court is told that a rejoinder is filed by SEBI.

Adv Bhushan: Expert Committee has submitted its report. SEBI has been investigating Adani for many years. One was in 2016 and then in 2021. Unless SEBI puts down on record what has happened in those investigations..

CJI: They……
Bhushan: One can see so clearly that they are doing absolutely nothing, if Adani's shares increase tremendously, then alarm bells have to be rung. They have said in parliament that they were investigating Adani.. They have to tell us what has happened in those investigations..……
Read 9 tweets
"100+ Days After Hindenburg Report: Adani Group's Stock Market Review"📉


🔶Total Market Cap Loss: 🔻$120B
🔶Most Fallen Adani Stock: ATGL 🔻80%
🔶Most Resilient Stock: Adani Ports 🔻10%

Detailed Look at 9 Companies Under Adani🧵

#HindenburgReport #SEBI #AdaniGroup Image
1) Adani Ent

🔶Share price ~ 44% lower
🔶Market Cap Loss ~173,918 Cr($ 21.2B)
🔶PE Ratio~ 75% drop from 321 to 81

ATGL stands for Adani Total Gas Limited which operates in the natural gas distribution and marketing sector in India.

🔶Share price ~ 80% lower
🔶Market Cap Loss ~343,780 Cr($41.9B)
🔶PE Ratio~ 82% drop from 884 to 156
Read 11 tweets


SEBI HAS EXPOSED MORE DARKER SIDE OF BCG - Misleading disclosures, profits, shareholding patterns, CG issues

Thread 🧵

#brightcom #brightcomgroup #bcg #sebi #redflag
Preface SEBI order covers
1. Misleading Promoter SHP
2. Undisclosed & Non - audited subsidiaries FS
3. DAUM Settlement
4. Misleading Disclosures
5. Statutory Auditor & Indep Director - inelligible
6. Accounting irregularities

This order is one of the best, give it a read
1. Misleading Promoter Shareholding - comparing promoter shareholding disclosed to the exchanges & available with RTA, Sebi found promoters inflated shareholding by 10% to 29% since 2016🧐😯 (see table below), we wrote this about in our previous thread Image
Read 30 tweets
1/🚨@SEBI_India tightens regulations to protect investors and prevent fraud!

Here's what you need to know: ⬇️
2/ #SEBI just had a board meeting, and they made some big decisions.

Some of the key takeaways are:👇
3/📈Amendments to SEBI Disclosure Norms:

▶ Starting from October 1st, 2023, the top 100 listed companies by market capitalization in the #stock market must confirm or deny any rumors going around about them.

And by April 1st, 2024, the top 250 companies must do the same.✅
Read 8 tweets
#1 Decide Your Tax Regime

The new regime is no fuss and works well.

The old regime allows you to claim deductions and exemptions

If you choose the old regime finalise your tax planning strategy now! (2/7)

#tax #deductions #taxplanning #taxregime
#2 Restructure Your Payslip

Study your pay slip and optimise your EPF contributions. If you choose the old tax regime structure your allowances properly.

Talk to our financial planning team today if you’d like assistance. (3/7)

#salary #CTC #payslip #epf #providentfund
#3 Review Your Investments

2023 is a year that belongs to savers!

You will be spoilt for choice. And there’s no better way to take advantage of this than reviewing and restructuring your investment portfolio. (4/7)

#investmentreview #investing #portfolio
Read 7 tweets
The #AdaniGroups Saga- For Naive #Investors. A thread

I, Mr A(#Adani) have 100 chips. By #Law, I cannot own more than 75, so I hav 73 chips. 27 chips r sold in d market. Anther 15 Chips: My uncle buys them by pretending to b normal people. This is illegal, bt who will catch me?
So there are 12 chips left in the market. Out of these, #Funds like #LIC buys 9 chips. 3 chips are now left on the open market.

My #media, #political and PR management and #connections are excellent. There are whispers that I am related to the #king and #Government.
My uncle, disguised as a common man, #buys and #sells chips again, creating an impression of great demand. A plastic chip worth Rs 2 is given for Rs 10.
People compete to buy at Rs 12, 13. Then my uncle increases price and buys chips fr Rs 100 making me one of Investors Fav scrip
Read 11 tweets
1 THREAD on the SC’s order today constituting an expert committee to enquire into the #Hindenburg allegations. The supreme irony is that #SEBI gets away scot-free. Crucially, invoking the holy grail of “investor protection” is how #SEBI escapes court criticism/scrutiny
2 It is important to reiterate that crux of the Hindenburg allegations rest on the claim that the ownership of the #Adani Group Cos is concentrated above SEBI-set levels through entities not at arms length from the promoters. The rest of the allegations stem from this central one
3 The overvaluation of group company stocks and therefore of the companies is made possible because of the low “free float” - implying scope for manipulation - which then enables the #Adani Group to leverage even greater volumes of debt
Read 18 tweets
We have a SPIVA report for #mutualfunds, but what about PMS? Using data from PMS Bazaar, Mint has done a similar study. In most categories, less than 50% of PMS strategies beat their corresponding #mutualfund category. To that, add the unfavourable taxation(tax on booked profits)
There isn't much of an argument for investing in Portfolio Management Services. They have largely grown over the past few years on the back of hefty fees and expenses. This is slowly changing. #Sebi banned upfront commissions in PMS and introduced direct plans only in 2020.
There's much talk about the mushrooming of #mutualfund schemes, but the same has happened with PMS - a vast thicket of strategies offered by each manager. Some portfolio managers have done well, but finding them a priori is very difficult. Better to stick with a simple index fund
Read 4 tweets
Yesterday's #Sebi paper highlights a troubling trend with REIT and InVITs. Quick recap, a REIT pools money to invest in commercial prop. InVIT does same for infra projects. Problem? The sponsors can take long term debt on these entities while selling their own stake after 3 years
REITs can raise debt up to 49% of their assets (70% for InVITs). This debt is generally used to buy assets from the sponsor only. So, say builder A creates a REIT, sells the REIT its projects (by loading up debt on the REIT) and then quietly makes an exit. Entirely possible. Image
Much of this debt is long term (10 years or more) and this debt structure gets created before listing the REIT/InVIT. Does the sponsor have to live with the debt it took? The sponsor must hold at least 25% of units till 3 years after listing. See the mismatch? Image
Read 4 tweets
Unable to counter the @HindenburgRes allegations against #AdaniGroup, the Indian rightwing zealots, probably with support of the Govt, ios seeking to rope in the #SupremeCourt to shield #SEBI fromthe need to investigate.
1. They first want to go after #Hindenburg
Next, they want to gag any discussion of the stock valuation problems of the #AdaniGroup.
Botht are misguided. The Supreme Court should take a straightforward approach.
1. The Courts cannot prevent investors from losing their shirts in the stockmarket. They must be allowed to lose their investments just as they are entitled to keep their gains.
Read 8 tweets
#IMPORTANT The #MSCI Weight Reduction in #AdaniGroup is Just the Start of more events to come.

I highlighted the likelihood of #MSCI in the #THREAD BELOW
1/n what did MSCI Say ?
"MSCI has received feedback from a range of market participants concerning the eligibility"
“Characteristics of certain investors have sufficient uncertainty that they should no longer be designated as free float pursuant to our methodology.”
=> basically MSCI felt there is truth in what #Hindenburg portrayal of a "Close Relationship" with the FIIs
MSCI Also Said
"This determination has triggered a free float review of the Adani Group securities" which will be informed in Mid-feb and implemented by End-feb
Read 17 tweets
"Suicides shake India's broking community" News headlines in 2001.

Dalal Street saw people lose their jobs, leading brokerages lose trading rights & the 'Bombay Bull' broker, Ketan Parekh, facing fraud charges.

"The Same Gang is back"

#HindenburgReport #StockMarket #stocks Image
"The Gujarat earthquake was rattling, but for many, their real earthquake came afterwards", a broker.

Many people who gambled with other people's funds, with their knowledge or without, could finally smell the money - but unfortunately it was the smell of money burning.
But the better prices are too late for the players who lost so much, and thought DEATH was their only option.

Markets recovered later, Regulators vowed to tighten up trading rules & a parliamentary panel to investigate the sell-offs.

"But they were good at it,
N they are now"
Read 23 tweets
#AdaniGroup #adaniports #ADANIENT #ambuja
The real story
Every one in the media is taking about #Adani and it’s valuation, damage done by #HindenbergResearch Having headed Institutional broking business and being on board of think tanks puts several different questions
Now this is what we have seen, complete damage now let me try to break it up in simple language as I perceive, the RL perspective
Let me start with a quote
"The shooter is someone different from the arrow." - RL
#HindenbergResearch #Hindenburg is an arrow no point in talking
About the arrow, except for the fact
According to the report of the Financial Times, Hindenburg Research was founded by Nathan Anderson. He is from Jerusalem. He has studied International Business Management from the Connecticut University of America so let’s start with Israel
Read 32 tweets
🚨 "SEBI Report: Mind-boggling Statistics Show 90% of Active Traders Incur Losses in FY22"

Here are some key takeaways from the report in this 🧵

1) Only 3.9 lakh traders, or 10% of the total 39.7 lakh active traders, were profitable in FY22

#SEBI #trading #StockMarketindia
2) The total profit earned by these 3.9 lakh profitable traders in FY22 was 7,412 Cr, with an average profit of 1.86 Lakh per trader.

3) 35.7 lakh traders, or 90% of the total active traders, incurred a total loss of 44,565 Cr, with an average loss of -1.2 Lakh per trader.
4) Profit is not equal to the loss(seen in points 1 &2), as the report only takes into account 67% of the total trading volume from 10 broking houses.

Other entities such as prop firms, who were not included in the report, may be responsible for the discrepancy.
Read 6 tweets
My 8 years of experience in 5 min.
A thread on how to trade the gap up or gap down opening .

Instead of following fraud people's on Twitter. Follow me to learn for free and help me fulfill my mission of 1 lakh independent traders .
There are three factors to monitor to determine whether the gap is real or trapped. The three factors are volume, opening price, and pullback.
1⃣ Gap and Go Trading Strategy :-

- Price gap above the previous day's high.
- Wait for the completion of the first candle.
- Volume should be high and should be helpful in the direction of gap.
- Mark opening range.
- Entry on breakout of day's high
value must be above vwap.
Read 9 tweets
My 8 years of experience in 5 min.
A thread on Gap trading.

Instead of following fraud people's on Twitter. Follow me to learn for free and help me fulfill my mission of 1 lakh independent traders .
Gap creates emptiness on the price chart. Price gaps are simply areas on the chart where no trading has taken place.
The gap is the biggest imbalance between demand and supply. The gap widened due to the aggressiveness by the buyers, I mean there are more buy orders in open than the supply available at the closing price of the first day.
Read 12 tweets
Why #Financial #Influencer community is being hated so much?

What went wrong with them?

Let's answer all these questions in this #Thread🧵.

Tag your favorite influencers so that they can also learn from the mistake.

Like❤️ and Retweet🔄this tweet for the benefit of others.
Let's start with an analogy now.

Just imagine you are in a school and you are 6 years old. You don't have much knowledge of what is right or wrong.

Your teacher says that throwing garbage in open is bad.

So what's the probability that you will do this?

Least Likely, right?
If the teacher says that smoking and eating tobacco is not good for your health, then again you will prefer not to do this, even if your favourite actor/actress or any celebrity promotes this.

You will follow what the teacher says.
Read 27 tweets

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