Key Points SBC Exports Limited has extended the record date for its 1:2 bonus share issue to March 10, 2025, from March 5, 2025, giving shareholders more time to qualify. The company, known for silk and wool hand-crafted carpets, closed at Rs 19.77 per share on Friday, with a market cap of Rs 629.69 crore. The bonus issue involves issuing 15,87,30,000 new shares, with the allotment date set for March 11, 2025. Company Background SBC Exports Limited is an established contributor in India's fashion industry with focus on high quality silk and wool hand-spun carpets. Apart from its operations in silk and wool carpets, the company further deals with the trading of apparel, manpower supply services, tour operator services with a sister company, Mauji Trip Limited, branching into travel services. Bonus Share Details The bonus share issue is in a 1:2 ratio, meaning for every 2 existing shares, shareholders will receive 1 new share, each valued at Re. 1. The extension of the record date ...
The Securities and Exchange Board of India (SEBI) has introduced a new category of investment vehicles called Specialized Investment Funds (SIFs) to bridge the gap between Mutual Funds (MFs) and Portfolio Management Services (PMS). These funds offer enhanced portfolio flexibility while maintaining regulatory oversight. The framework, effective from April 1, 2025, aims to provide investors with additional investment options with varying risk-return profiles. Key Highlights of the Regulatory Framework 1. Eligibility Criteria for SIFs Mutual Funds seeking to establish an SIF must meet one of the following eligibility criteria: Route 1 - Sound Track Record: Operate for at least three years with an average AUM of ₹10,000 crores. No regulatory action taken against the sponsor/AMC in the past three years. Route 2 - Alternate Route: Appointment of a CIO with at least 10 years of fund management experience and an AUM of ₹5,000 crores. Appointment of an additional fund manager with three years o...