The Securities and Exchange Board of India has observed that the number of foreign portfolio investors (FPIs) in six listed Adani Group companies has increased after the September quarter of 2020, said a person with direct knowledge of the matter.
In August 2010, records show, Appleby billed Monterosa for amending and recording fund documents related to Lotus, Mavi, Cresta, among others, “so that there is only one common portfolio of assets for the SEBI declaration/undertaking.”
The two funds – Mavi Investment Fund Ltd (now APMS Investment Fund Ltd) and Lotus Global Investment Limited – found mention in Hindenburg Research's report on Adani Group.
The Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved, notes Debashis Basu.
In August 2010, records show, Appleby billed Monterosa for amending and recording fund documents related to Lotus, Mavi, Cresta, among others, “so that there is only one common portfolio of assets for the SEBI declaration/undertaking.”