SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
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Zhaikmunai share issue oversubscribed - source
MOSCOW, July 16 |
MOSCOW, July 16 (Reuters) - Kazakh oil company Zhaikmunai's (ZKMq.L) $300 million placement of Global Depositary Receipts, due to close on Thursday, has been oversubscribed, a source close to the placement said on Thursday. "The book is full and it is oversubscribed," the source said. "The market price is a guide (to the placement price)."
Zhaikmunai's GDRs closed at $4.25 in London on Wednesday. The source said around half the issue would be purchased by a single European investor. (Reporting by Olga Popova; writing by Melissa Akin)
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