Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore.
Invesco AMC, 5 staff settle case with SEBI for ₹4.98 crore - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
In January this year, an application was submitted to settle the case by paying a penalty of Rs 4.98 crore, which SEBI accepted at its February meeting. The money was deposited by Invesco and its officials this month.
Mauritius-based IndusInd International Holdings Limited (IIHL) has entered into an agreement with global investment management firm Invesco to acquire a 60% stake in its Indian unit IAMI which boasts more than $1.6 trillion in assets under management.
IndusInd International Holdings Limited (IIHL) to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI) orissadiary.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissadiary.com Daily Mail and Mail on Sunday newspapers.