“The investigation has been completed. RIL counsel would be awarded a final hearing in the coming weeks before any conclusion is reached,” said a source.

As per the draft papers, Syngene International plans to sell 22 million equity shares, including reservation of up to two million shares for Biocon shareholders, through an offer for sale, the PTI report suggests.

Without disclosing the details of clarifications sought, Sebi has said that it is awaiting response from the Lead Manager for the proposed public offer of Numero Uno Clothing Ltd.

The clause requires listed entities to immediately inform exchanges of events that will have a bearing on the performance of the company or its stock price.

The fine has been slapped for violation of disclosure norms under listing agreement.

The firm had filed a draft red herring prospectus with Sebi through its lead merchant banker Axis Capital in March this year. Sebi issued its final observations on the draft offer documents on May 28, which is necessary for companies to launch any public offer.

Sources said that the number of analysts registered with Sebi so far could be lower than 500 as many analysts are still sending in applications for the registration.

In March, Sebi had announced an alternative investment platform targeted at the country's start-ups, relaxing requirements to encourage them to list at home.

As per the existing norms, a fund manager who is managing a domestic scheme, is allowed to manage an offshore fund, subject to three specific conditions.

The other companies from which Sebi has sought information are S H Kelkar and Company, Pennar Engineered Building Systems and Syngene International.