The Securities Appellate Tribunal on Monday gave a split verdict on PNB Housing Finance’s petition, which challenged the market regulator’s stay on the mortgage lender’s proposal for a preferential issue of shares to private equity funds.
How the SEBI consultation paper on appointment of independent directors is likely to impact recommendations by proxy advisers, as India Inc gears up for the annual general meeting season in the next quarter.
Sebi raises overseas exposure limit for mutual fund houses to USD 1 bn
SECTIONS
Last Updated: Jun 04, 2021, 10:16 AM IST
Share
Synopsis
Capital markets regulator Sebi on Thursday enhanced the overseas investment limit for a mutual fund house to USD 1 billion from the existing USD 600 million
Capital markets regulator Sebi on Thursday enhanced the overseas investment limit for a mutual fund house to USD 1 billion from the existing USD 600 million. The overall mutual fund industry limit is capped at USD 7 billion, the Securities and Exchange Board of India (Sebi) said in a circular. The increase in the limit would allow mutual funds to allocate a higher share of their corpus for foreign securities.
SEBI ups overseas investment limits for individual mutual funds to $1b
SECTIONS
Last Updated: Jun 03, 2021, 08:49 PM IST
Share
Synopsis
The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion.
SEBI said the changes will come into force with immediate effect.
Related
MUMBAI: The Securities and Exchange Board of India on Thursday relaxed certain investment limits for mutual funds that make overseas investments after consultation with the industry.
The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion.