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SEBI lets InvITs borrow beyond 49% debt cap to fund capex and repairs

SEBI lets InvITs borrow beyond 49% debt cap to fund capex and repairs

SEBI has issued new guidelines for Infrastructure Investment Trusts (InvITs), allowing them to take on debt beyond the existing 49% cap relative to the value of their assets. The change opens a fresh funding route for InvITs to finance capital expenditure, upgrades, and repairs across infrastructure projects. While the move could improve liquidity for asset maintenance and growth plans, it also raises fresh questions about leverage levels, risk management, and how investors will weigh the new capital structure.

Summarised by Beize from a story on The Economic Times on 16 May 2026
SEBI lets highly leveraged InvITs borrow for capex maintenance and refinancing under new rules

SEBI lets highly leveraged InvITs borrow for capex maintenance and refinancing under new rules

SEBI has widened the permitted use of fresh borrowings for Infrastructure Investment Trusts (InvITs) with net debt above 49% of asset value, effective immediately. The regulator now allows such funds for capital expenditure to improve performance or expand capacity, and also for major maintenance costs on road projects, defined as non routine expenses tied to concession obligations. SEBI further permits refinancing by the InvIT, SPV, or holding company, but only the principal can be refinanced—interest and fees cannot.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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SEBI CBDT ease PAN compliance for foreign investors after onboarding chaos over new forms

SEBI CBDT ease PAN compliance for foreign investors after onboarding chaos over new forms

SEBI and the Central Board of Direct Taxes (CBDT) have relaxed PAN-related onboarding rules for foreign portfolio investors after complaints that the revamped Income-tax Rules and March PAN forms made compliance overly complex across jurisdictions. The updates simplify documentation, contact disclosures and taxpayer identification fields. CBDT clarified that the authorised signatory name in the common application form is enough, liability is limited to PAN application, and optional fallbacks like using FPI registration number or “0000000000” for missing TINs are allowed.

Summarised by Beize from a story on The Economic Times on 15 May 2026
SEBI greenlights three IPOs Neolite ZKW Aspri Spirits and SS Retail set to raise Rs 1240 crore

SEBI greenlights three IPOs Neolite ZKW Aspri Spirits and SS Retail set to raise Rs 1240 crore

SEBI has approved IPO plans for Neolite ZKW Lightings, Aspri Spirits and SS Retail, clearing the way for the trio to tap India’s primary market. Neolite ZKW Lightings will raise Rs 600 crore via a Rs 400 crore fresh issue and Rs 200 crore OFS, funding a greenfield facility in Kancheepuram, expansion and debt repayment. Aspri Spirits seeks up to Rs 140 crore through a fresh issue plus OFS. SS Retail plans a Rs 500 crore IPO with Rs 300 crore fresh shares and up to Rs 200 crore OFS.

Summarised by Beize from a story on The Economic Times on 15 May 2026
NSE to start Electronic Gold Receipts trading May 18 to remake India gold investing

NSE to start Electronic Gold Receipts trading May 18 to remake India gold investing

The NSE will begin trading Electronic Gold Receipts (EGRs) from Monday, May 18, aiming to modernize how Indians invest in gold. The exchange says EGRs will use a stronger liquidity and technology framework to make trading more transparent, secure, and accessible nationwide. NSE expects the move to integrate gold into mainstream capital markets, widen financial inclusion, and curb reliance on fragmented physical-market pricing. EGRs represent ownership of regulated vaulted gold and are credited through Demat accounts.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Lighthouse Canton Launches ₹1,200 Cr LC Luminere Credit Fund Betting on India Private Credit’s Next Surge

Lighthouse Canton Launches ₹1,200 Cr LC Luminere Credit Fund Betting on India Private Credit’s Next Surge

Lighthouse Canton has launched the SEBI-registered LC Luminere Credit Fund, a Category II AIF aimed at funding India’s fast-growing private credit market. The ₹1,200 crore vehicle, with a six-year tenure and average deal duration of about three years, will make structured senior secured credit investments in mid-to-large corporates. The fund seeks stable periodic cash yield and “high teen” risk-adjusted returns, deploying capital across growth, acquisitions, sponsor-backed refinancing and cross-border opportunities. It has already warehoused its first investment and says a near-term pipeline is ready.

Summarised by Beize from a story on IndianWeb2 on 15 May 2026

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Sebi eyes big derivatives overhaul dropping CTM rules and easing PAC checks for commodity options

Sebi eyes big derivatives overhaul dropping CTM rules and easing PAC checks for commodity options

Sebi has floated proposals to simplify the rules for exchange-traded and commodity derivatives, aiming to cut compliance burden and uncertainty. In a discussion paper, it suggests deleting close-to-money (CTM) option series and related norms for commodity options in goods, arguing CTM adds complexity and pricing risk. It also wants fewer mandatory PAC meetings for non-agricultural commodities, down from two annually to one. Further, exchanges could shift contract expiry earlier during disruptions with managing director approval instead of 10-day notice and PAC clearance.

Summarised by Beize from a story on The Economic Times on 15 May 2026
SEBI overhauls derivatives rules to cut exchange compliance and delete outdated requirements

SEBI overhauls derivatives rules to cut exchange compliance and delete outdated requirements

SEBI has launched a consultation proposing a broad overhaul of exchange-traded derivatives rules to reduce compliance load on stock exchanges and clearing corporations. In a May 14 paper, the regulator plans to simplify master circulars, remove redundant provisions, and streamline operational requirements across equity, currency, commodity and interest rate derivatives. Key ideas include deleting the commodity CTM option series, cutting mandatory Product Advisory Committee meetings, and letting exchanges advance contract expiries during disruptions with “adequate notice” instead of a fixed 10-day timeline.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Securities Market Code Bill 2025 aims to merge India’s core market laws into one tighter framework

Securities Market Code Bill 2025 aims to merge India’s core market laws into one tighter framework

India has introduced the Securities Markets Code Bill, 2025, in Parliament on December 18, 2025, with Finance Minister Nirmala Sitharaman proposing a sweeping consolidation of securities regulation. The proposed legislation is designed to consolidate and amend multiple existing laws governing trading contracts, market oversight, and depository operations. It would bring together the Securities Contract Regulation Act, 1956, the SEBI Act of 1992, and the Depositories Act, 1996—potentially reshaping how regulators and market participants comply going forward.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Zepto gets SEBI greenlight for IPO as updated DRHP set within weeks sources say

Zepto gets SEBI greenlight for IPO as updated DRHP set within weeks sources say

Quick commerce firm Zepto has received SEBI approval to proceed with its IPO, paving the way for an updated draft red herring prospectus to be filed in about six to eight weeks. Sources say the company is targeting a sizable listing potentially worth Rs 11,000–12,000 crore, with sizing and pricing still not final. Zepto is also reported to hold Rs 6,000–7,000 crore in cash. The move comes as rivals like Blinkit and Instamart see growth moderation but improving profitability.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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AlphaGrep files with SEBI for first multi asset allocation mutual fund scheme

AlphaGrep files with SEBI for first multi asset allocation mutual fund scheme

AlphaGrep Mutual Fund has submitted draft papers to SEBI for its inaugural Multi Asset Allocation Fund. The open-ended scheme plans to invest across equities, debt, commodities and derivatives, using a diversified, rules-based approach designed to target long-term capital appreciation.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Sebi may expand intraday borrowing rules for mutual funds to boost cash management and returns

Sebi may expand intraday borrowing rules for mutual funds to boost cash management and returns

Sebi is considering changes that would broaden how mutual funds can use intraday borrowing. Right now, such borrowing is mainly allowed to meet redemption payouts. Under the proposal, funds could use it more widely as a cash management tool to handle timing mismatches between outflows and receivables, potentially improving flexibility and returns.

Summarised by Beize from a story on The Economic Times on 14 May 2026
SEBI fines Rashmi Saluja 40 lakh for alleged insider trading linked to Burman open offer

SEBI fines Rashmi Saluja 40 lakh for alleged insider trading linked to Burman open offer

SEBI has penalised former Religare Enterprises chairperson Rashmi Saluja with a ₹40 lakh fine for alleged insider trading. The regulator said she traded Religare shares while in possession of unpublished price-sensitive information related to the Burman Group’s open offer. SEBI has also ordered Saluja to disgorge ₹1.9 crore in unlawful gains, along with interest.

Summarised by Beize from a story on The Economic Times on 14 May 2026
SEBI proposes municipal bond tweaks to permit refinancing with tighter disclosure and spending limits

SEBI proposes municipal bond tweaks to permit refinancing with tighter disclosure and spending limits

SEBI has proposed changes to India’s municipal bond framework, allowing local bodies to explicitly issue bonds to refinance existing debt. The draft also demands detailed disclosures on lenders, repayment schedules, interest costs and any prior restructurings. In addition, it suggests capping working-capital use at 25% and restricting proceeds from general-purpose spending.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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SEBI tweaks mutual fund intraday borrowing rules but delays key guidelines to July 15

SEBI tweaks mutual fund intraday borrowing rules but delays key guidelines to July 15

SEBI has proposed new flexibility for mutual funds to use intraday borrowings for purposes beyond routine investor redemptions and payouts. However, it has deferred the implementation of the related guidelines to July 15, giving fund houses and stakeholders time to adjust to the updated framework as markets and compliance plans catch up.

Summarised by Beize from a story on Republic on 13 May 2026
SEBI may loosen mutual fund borrowing rules for intraday liquidity

SEBI may loosen mutual fund borrowing rules for intraday liquidity

SEBI is considering easing borrowing norms for mutual funds, potentially allowing intraday borrowing for a broader range of purposes. The regulator is weighing uses such as meeting trade settlement obligations, handling forex transactions, funding derivative margin requirements, and addressing other short-term liquidity needs—aiming to reduce operational stress without compromising oversight.

Summarised by Beize from a story on The Economic Times on 13 May 2026
SEBI clarifies banks and brokers face no offshore fund tax liability easing foreign fund launches

SEBI clarifies banks and brokers face no offshore fund tax liability easing foreign fund launches

SEBI has clarified that Indian banks and brokers will not be held liable for taxes owed by offshore funds, as two sources familiar with the development said. The move removes a key compliance hurdle that had slowed fund launches after earlier fears that local representatives could face penalties for clients tax demands. The clarification is expected to unblock new foreign investments.

Summarised by Beize from a story on Republic on 13 May 2026
SEBI slaps Kishore and Rakesh Biyani with ₹50 lakh fine over Future Retail disclosure lapses

SEBI slaps Kishore and Rakesh Biyani with ₹50 lakh fine over Future Retail disclosure lapses

SEBI fined Kishore Biyani, Rakesh Biyani and former CFO C P Toshniwal a total of ₹50 lakh for breaching disclosure norms and related party transaction rules in the Future Retail case. The regulator said relationships and transactions were not properly disclosed and some deals had not received mandatory approvals. The wider probe also examined allegations of account manipulation and fund siphoning.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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SEBI tells fund houses to cap overlapping stock bets at 50 percent

SEBI tells fund houses to cap overlapping stock bets at 50 percent

SEBI has mandated that fund houses cap portfolio overlap between sectoral or thematic funds and other equity schemes at 50%, with three years to comply. The regulator says the rule will improve diversification and stop investors from unknowingly owning duplicate stocks across multiple funds. Wealth managers add that individuals should also check their own holdings for overlap.

Summarised by Beize from a story on The Economic Times on 13 May 2026
SEBI proposes pilot for cash settled agri commodity F O before physical settlement

SEBI proposes pilot for cash settled agri commodity F O before physical settlement

SEBI is considering a pilot that would let certain agricultural commodity derivatives trade as cash settled instruments before mandatory physical settlement. The plan is meant to improve liquidity and market confidence in agri contracts. SEBI is reportedly evaluating commodities such as maize, groundnut, and chilli for the trial, with further details expected.

Summarised by Beize from a story on The Economic Times on 13 May 2026
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