Team Blitz India
NEW DELHI: The Securities and Exchange Board of India (SEBI) approved a slew of proposals, including exempting certain foreign portfolio investors (FPIs) from additional disclosure requirements. This also saw the launch of beta version of the T+0 settlement, and facilitation of ease of doing business for companies going public.
For ease of doing business, the markets regulator in its annual board meeting approved a proposal to exempt additional disclosure requirements for FPIs having more than 50% of their Indian equity assets under management (AUM) in a single corporate group, in case the concentrated holdings of the FPIs are in a listed company with no identified promoter, if certain conditions are met. A consultation in this regard was floated by Sebi in August 2023.
“Such FPI holds not more than 50% of its India equity AUM in the corporate group, after excluding its holding in the parent company with no identified promoter,” Sebi said in its 8-page statement.
