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Determining the global AUM is significant because a 'regulated' fund whose exposure to an Indian business group and to the Indian equity market is below 25% and 50% respectively of its global AUM is spared of the granular disclosure rules laid down by the Securities and Exchange Board of India (Sebi).
The regulator had floated a consultation paper in May, after noting an increasing interest among investors
Sebi chairperson Madhabi Puri Buch said the Sebi board suggested on Saturday that the regulator analyse more data pertaining to delisting norms before coming up with proposals
Foreign institutional investors (FII) sold shares worth Rs 3,007.36 crore, while domestic institutional investors (DII) bought Rs 1,158.14 crore worth of stocks on September 21, provisional data from the National Stock Exchange (NSE) showed.
Investors may approach the debt listed entity/ REIT/ InvIT to claim their unclaimed amounts, stated the press release