According to ET Now sources, the upcoming SEBI deadline for UBO compliance is expected to affect only a small number of FPIs. The report highlighted that even non-compliant FPIs can continue operations beyond the September 9th deadline by paying a 5% penalty. Additionally, these FPIs will be granted an extra six months to achieve compliance after paying the penalty.
Cochin Shipyard shares surge 10% on FTSE index inclusion, may see $30 mn inflows
The shares have advanced by an impressive 246% over the last year, while in the past six months, the stock has surged by 110%. Year-to-date,