The National Securities Depository Limited (NSDL) announced on Monday that it will begin disseminating daily trends in domestic institutional investor (DII) investments under an initiative coordinated with custodians and the Securities and Exchange Board of India (Sebi). According to reports from Business Standard, the depository will publish category-wise investment data for mutual funds, alternative investment funds (AIFs), banks, insurance companies, and other domestic institutions. The reporting framework has been modelled on the existing daily disclosure mechanism for foreign portfolio investors (FPIs), aiming to improve standardisation and transparency in market data dissemination.
At present, NSDL publishes daily investment data only for mutual funds, while stock exchanges report aggregate DII flows on a provisional basis. As reported by Business Standard, this new initiative will significantly expand the scope of available DII data, providing more comprehensive insights into institutional investment patterns across different categories of domestic institutional investors.
The Securities and Exchange Board of India (Sebi) has proposed a relaxation in distribution rules for infrastructure investment trusts (Invits), addressing a long-standing industry concern. According to the consultation paper released on Monday, the regulator proposed permitting Invits and their underlying special purpose vehicles (SPVs) to add back payments made towards major maintenance (MM) expenses for road projects, provided such expenses meet specific requirements. Under the existing framework, Invits are prohibited from using borrowed funds for distributions to unitholders.
Electrical equipment maker Laser Power & Infra has reduced the size of its proposed initial public offering (IPO) by taking advantage of the recently introduced framework by Sebi that allows companies to alter issue sizes without refiling draft papers. As reported by Business Standard, the company filed a 16-page addendum to its draft red herring prospectus (DRHP) on Friday. The original DRHP proposed a ₹1,200 crore IPO comprising a fresh issue of ₹800 crore and an offer-for-sale (OFS) of ₹400 crore by existing shareholders. Under the revised structure, the IPO size has been reduced to ₹742 crore, consisting of a fresh issue of ₹542 crore and an OFS of ₹200 crore.
