The Securities and Exchange Board of India (SEBI) on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
Notably, the Congress has been demanding resignation of Buch following the Hindenburg Research report against her in August. The US-based shortseller alleged that Buch and her husband Dhaval Buch had stakes in obscure offshore entities used in the Adani money siphoning scandal.
The Parliament's Public Accounts Committee (PAC) on Thursday postponed its meeting after it witnessed a ruckus as SEBI chairperson Madhabi Puri Buch failed to appear before the panel.
Private equity (PE) firm True North-led company (erstwhile Max Bupa), had filed its IPO papers with SEBI on June 29.
F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.
Data showed the demand for the FPO was led by non-institutional investors, and they subscribed to the shares 3.26 times.
The SEBI has 'advised' these defaulters to contact the Recovery Officer Srishti Ambokar vide a letter or email within a fortnight by January 12, 2023.
The Securities and Exchange Board of India (Sebi) mandates that the top 1000 companies listed must have risk management procedures. However, while releasing the Model Code, Damodaran said risk management could be a voluntary exercise for others. "I am not a great believer in something being drafted into law", he said, adding, "if they don't see the value, it might end up as one more tick box," but whether it will add to corporate well-being is suspect. "Don't mandate because mandating comes with a cost".
The fund houses are instructed to pay out the proceeds in the event of a redemption or repurchase of units within three working days. Investors in schemes where at least 80% of the capital is invested in foreign securities must be paid within five working days of the date of redemption or repurchase.
As part of its commitment to update its Draft Red Herring Prospectus with the financial performance till the first half of financial 2022-23, the global travel tech company OYO shared its financials with markets regulator SEBI today.
