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Sebi moves Supreme Court against SAT order on Franklin Templeton

Sebi moves Supreme Court against SAT order on Franklin Templeton
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Franklin Templeton case: Consent of shareholders needed for shutting down debt schemes, says SC

Franklin Templeton case: Consent of shareholders needed for shutting down debt schemes, says SC
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Consent of most shareholders needed for shutting down debt schemes: SC

Consent of most shareholders needed for shutting down debt schemes: SC
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Franklin Templeton MF unitholders to get Rs 3,303 crore in fifth tranche

Franklin Templeton MF unitholders to get Rs 3,303 crore in fifth tranche SECTIONS Last Updated: Jul 11, 2021, 11:00 AM IST Share Synopsis The payment will be made electronically to all eligible unitholders by SBI MF, which has been appointed as the liquidator for the schemes under winding up by the Supreme Court. Franklin Templeton MF shut its six debt mutual fund schemes on April 23, 2020, citing redemption pressures and lack of liquidity in the bond market. SBI Funds Management (SBI MF) will distribute the fifth tranche of Rs 3,303 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes during the week beginning Monday.

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Franklin Templeton MF unitholders to receive Rs 3,303 cr in fifth tranche

Franklin Templeton MF unitholders to receive Rs 3,303 cr in fifth tranche With this, the total disbursement will reach Rs 21,080 crore, amounting to 84 per cent of assets under management (AUM) as on April 23, 2020, a Franklin Templeton MF spokesperson said on Sunday Franklin Templeton MF shut its six debt mutual fund schemes on April 23, 2020 PTI Updated Jul 11, 2021, 1:54 PM IST SBI Funds Management (SBI MF) will distribute the fifth tranche of Rs 3,303 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes during the week beginning Monday. With this, the total disbursement will reach Rs 21,080 crore, amounting to 84 per cent of assets under management (AUM) as on April 23, 2020, a Franklin Templeton MF spokesperson said on Sunday.

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