Capital Markets

The RBI requires entities to follow a single consolidated Master Direction for LEI and UTI reporting, replacing multiple prior instructions. This mandates firms to align reporting systems and processes to the unified standard and gives the regulator centralized access to identifier data for oversight.

RBI approval removes a primary regulatory barrier and permits Avenir's planned equity infusion to gain control of Sammaan Capital. Completion is now contingent on SEBI's final approval, making securities-regulator clearance the binding remaining requirement. RBI also waived the public notice period, reducing procedural delay.

SEBI permits AIFs to retain liquidation proceeds past the prescribed fund life when justified by pending tax or litigation notices, 75% investor-by-value consent, or substantiated operational expenses. Funds holding such residual proceeds can be designated 'inoperative' and operate under lighter compliance, including exemptions from periodic filings and benchmarking. Operational-expense retention is capped at three years, so immediate full distribution and registration surrender are no longer required in

The Second Circuit barred plaintiffs from pursuing discovery to locate Argentine assets in the U.S. until the ongoing appeals conclude. This blocks immediate efforts to identify or seize U.S.-based reserves (including central bank holdings) and delays enforcement of the underlying $16.1 billion judgment.

The Treasury Department issued an extension of a license that shields Venezuela-owned Citgo Petroleum from creditor enforcement. The license bars creditors from taking enforcement steps against Citgo's assets for the duration of the extension. The extension is effective through May 5.

The total infusion amount is Rs 1,500 crore. The funds will be provided in cash and executed through a rights issue. The infusion can be delivered in one or more tranches. The transaction is scheduled to be completed before March 31, 2027.

The three companies filed preliminary IPO documents between June and December and received Sebi observations on March 10–11. Sebi’s issuance of observations is treated as regulatory clearance to proceed with public offerings. Travelstack Tech’s Draft Red Herring Prospectus specifies a ₹250 crore fresh issue and an Offer For Sale of 2,68,52,969 shares by promoters and other shareholders. Twelve companies have tapped the IPO market so far this year and one issue is currently underway.

A Bench of Justices PS Narasimha and Alok Aradhe declined to exercise jurisdiction under Article 136 to disturb the Bombay High Court’s December 2025 order. The High Court had rejected petitions by Hemant Kulshrestha and Vinay Bansal that challenged SEBI and WeWork India. The petitions alleged non-disclosure of pending PMLA proceedings, suppression of complaints, and misrepresentation of the Indian entity’s relationship with the global WeWork brand. The High Court imposed costs of ₹1 lakh on Vinay Bansal for suppressing material facts; counsel for WeWork India cited SEBI’s detailed vetting of the draft red herring prospectus and disclosure of enforcement risks.

The notification applies to companies with a post-issue market value exceeding ₹5 lakh crore (approximately $54 billion). Qualifying companies can satisfy IPO listing requirements with a minimum 2.5% public dilution instead of the prior 5% minimum. The Securities and Exchange Board of India approved the change in September and the government issued the change via a gazette notification. The scope explicitly includes large conglomerate digital units such as Jio Platforms Ltd.

A circular dated March 10 instructs all exchange members to furnish details of excess STT collected and retained for FY24 and preceding years directly to NSE. The Joint Commissioner of Income Tax, Range 7 (1), wrote on March 5 advising the exchange to seek details from members who retained excess STT. Brokers and other members are to remit any excess STT collected along with interest calculated at 1% for every month of delay. Payments are to be made to NSE immediately, after which NSE will deposit the amounts into the government account. This communication continues an earlier circular dated March 19, 2025 addressing excess STT retained for FY23 and earlier years.

Two open market operation auctions of Rs 50,000 crore each are scheduled for March 9 and March 13. Banking system liquidity averaged a daily surplus of Rs 2.63 lakh crore in March so far and Rs 2.53 lakh crore in February. Advance-tax outflows in mid‑March are approximately Rs 2 lakh crore. The RBI purchased Rs 12,715 crore of bonds on-screen in February; data confirming additional on-screen purchases in the first week of March will be released next week.

Andrew will lead the REIT as chief executive. Shah will lead the finance function, including capital markets and financial structuring responsibilities. Raj Kumar T will oversee operations as chief operating officer. The platform has filed draft papers for a ₹4,000-crore REIT issue.