New Delhi : In a transparency push, Sebi on Thursday mandated extra disclosures from overseas portfolio traders which have concentrated holding in a single firm or a gaggle agency. Such FPIs shall be required to establish all entities with any possession, financial curiosity and management rights. The framework will come into impact from November 1, Sebi mentioned in a round.
Market gamers imagine that the transfer has its genesis within the Adani subject the place Sebi couldn’t establish the useful homeowners of some overseas investments. FPIs holding greater than 50% of their fairness belongings underneath administration (AUM) in a single company group shall be required to conform with the norms. FPIs with an total holding in equities of over Rs 25,000 crore might want to comply with the necessities too.
Market gamers imagine that the transfer has its genesis within the Adani subject the place Sebi couldn’t establish the useful homeowners of some overseas investments. FPIs holding greater than 50% of their fairness belongings underneath administration (AUM) in a single company group shall be required to conform with the norms. FPIs with an total holding in equities of over Rs 25,000 crore might want to comply with the necessities too.
