The Securities and Exchange Board of India (Sebi), in a circular on May 14, removed the requirement for investors to link the permanent account number (PAN) with Aadhaar to obtain the ‘KYC registered’ status for mutual fund transactions. This means all investors can continue putting money into mutual funds without putting up additional documents for the time being.
Cube Highways Trust plans Rs 5,000-cr IPO this month; eyes broader investor base
Cube Highways Trust is set to launch a substantial Initial Public Offering worth Rs 5,000 crore this month, intending to broaden its base of investors.