Determining the global AUM is significant because a ‘regulated’ fund whose exposure to an Indian business group and to the Indian equity market is below 25% and 50% respectively of its global AUM is spared of the granular disclosure rules laid down by the Securities and Exchange Board of India (Sebi).
BSE introduces AI tool to speed up SME IPO document checks
To enhance the SME listing process, BSE has rolled out an AI-powered tool that pre-screens draft IPO documents. The system helps merchant bankers identify compliance