The proposals are designed to prevent circumvention of minimum public shareholding requirements and misuse of the FPI route to guard against risks of an opportunistic takeover. The move follows SEBI’s difficulty in identifying the beneficial owners of some foreign portfolio investments in Adani stocks, since the existing regulations are lax in identifying their true ownership.
Sebi allows intraday borrowings by MFs to settle redemptions
The Securities and Exchange Board of India is taking decisive action in the investment landscape with its latest mutual fund regulations. Effective next month, these