The Mauritius regulator refuted claims by Hindenburg Research regarding IPE Plus Fund and its alleged connections to shell entities. The Financial Services Commission emphasized their strict compliance regulations. The Buch couple, linked to the fund, responded, asserting their investments were made while they were private citizens in Singapore, prior to Madhabi Buch’s tenure at Sebi.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative