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.
Last week, the US-based short seller, Hindenburg Research, alleged that "Buch and her husband Dhaval Buch had stakes in obscure offshore entities used in the Adani money siphoning scandal". The couple dismissed the Hindenburg report.
“Sebi has given a statement. The Chairperson has also made a statement… There is nothing further to be added by the government,” Seth said while addressing the media.
Former Infosys CEO Mohandas Pai on Sunday said that the latest Hindenburg allegations against the SEBI are rubbish and a “character assassination by a Vulture Fund."
BJP national spokesperson CR Kesavan hit out at the recent Hindenburg report and its allegations on market regulator SEBI chairperson Madhabi Buch.
"Until then (formation of a JPC), concerns persist that PM Modi will continue to shield his ally, compromising India's Constitutional institutions," said the Opposition in the Rajya Sabha.
