FPIs registered with the Securities & Exchange Board of India (Sebi) are often arms of offshore mother institutions. In such cases, the registration is typically in the name of the sub-fund or the branch of a bank. Thus, the parent organisation of an FPI is not readily identifiable.
Sebi returns draft IPO papers of Anand Rathi Share and Stock Brokers
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise