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Recent Current Affairs related to Underwriting

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7 September 2026 BANKING

The SEBI has granted a Category-I merchant banking licence to Zerodha Corporate Advisors, a subsidiary of Zerodha, to enter the investment banking sector focusing on capital market services.

As per the new regulations by SEBI, Category-I merchant bankers are authorised to manage main-board public issues and perform underwriting activities. It is to be noted that the minimum net worth requirement for Category-I is increased to ₹50 crore from ₹5 crore, and the underwriting capacity for these entities is capped at 20 times their liquid net worth.

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