Six suspended debt schemes: Franklin Templeton investors vote for closure
January 18, 2021 SC to decide on distribution of money on Jan 25 In a major relief for embattled fund house Franklin Templeton, over 90 per cent of investors have voted in favour of the closure of six suspended debt funds. Investors can now hope to receive ₹9,190 crore accumulated in five cash positive debt schemes. The Supreme Court in its next hearing, scheduled for January 25, will decide on the process for distribution of the cash and liquidation of assets in the schemes. A Bench headed by SA Nazeer granted three days for filing of objections to the e-voting on the winding up of the sc...
Source: thehindubusinessline.com