Sebi's new disclosure norms not to impact large number of FPIs: Sources
Foreign Portfolio Investors have been dumping shares in recent trading sessions
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Foreign Portfolio Investors have been dumping shares in recent trading sessions
In the past four trading days alone, FPIs have sold shares worth over Rs 27,000 crore after pumping in huge money that had also pushed the market indices to record highs.
Market regulator Sebi does not expect a large number of foreign portfolio investors to be impacted by the new beneficial ownership disclosure norms, according to sources. The norms are set to come into effect from February 1 and against this backdrop, the equity market has witnessed significant volatility, with the benchmark Sensex crashing over 1,000 points on Tuesday after shedding early intraday gains. The sources in the know said FPIs which may be required to provide enhanced disclosures are expected to be significantly less than estimated in the consultation paper and the Sebi board note ...
The Congress Party in a statement has pointed out that the recent decision by the market regulator, Securities and Exchange Board of India (SEBI) to reintroduce strict report requirements for foreign institutional investors (https://www.moneylife.in/article/investments-by-foreign-entities-with-common-owner-to-be-seen-as-single-fpi-entry-sebi/53697.html) represents a public admission of guilt by the regulatory body.
Jairam Ramesh said they are also awaiting the SEBI report slated for Aug 14 that would answer key questions on origins of the ₹20,000 cr “opaque foreign funds” flowing into Adani group of companies | Latest News India