The Securities and Exchange Board of India (SEBI) has approved stricter disclosure rules for foreign portfolio investors (FPIs) to prevent misuse of overseas investment routes and violations of shareholding regulations. The new rules require FPIs to make additional disclosures on ownership, economic interest, and control of funds. The move comes amid SEBI s ongoing investigation into allegations of infringements by the Adani Group. SEBI also approved a proposal to reduce the interval for listing shares after a public offering to three days, instead of the current six days. The revised timeline will be implemented in two phases.
The board of the Securities and Exchange Board of India on Wednesday approved tighter disclosure rules for foreign portfolio investors (FPIs), to curb misuse of overseas investment routes and prevent violation of public shareholding regulations.
SEBI chairperson Madhabi Puri Buch told the media that the purpose of amendments is to streamline the process of buyback, enhance the ways of doing business and to boost the level-playing ground for the investors, , sebi, buyback, national stock exchange, sebi regulations, latest updates
Mumbai (Maharashtra)/New Delhi [India], May 18 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised the Life Insurance Corporation of India (the Corporation) and the President of India, acting through the Ministry of Finance, Government of India (the Selling Shareholder) on its recent initial public offering of equity shares aggregating to Rs 20,557 crores (the Offer).