IIHL’s counsel, Abhishek Manu Singhvi, assured the court that previous issues with transferring equity funds to the escrow account have been resolved and asked for another 10 days to complete the deal. The court granted the extension and scheduled the next hearing for March 12.
FPI outflows at Rs 1 lakh crore in 2025 so far; Rs 555 crore pulled out in July alone
Foreign Portfolio Investors have exhibited a selling trend in Indian equities, with outflows of Rs 555 crore in July, marking a reversal after three months