News & Media 5th Jun 2023
In an effort to increase transparency, SEBI has written a consultation paper wanting more disclosures from “high-risk foreign portfolio investors”. SEBI has proposed that FPIs with more than 50% stake in a single stock or group conglomerate will need to reveal ownership details, which have to be given within 6 months.
CNBC-TV18 TV 18, has done a detailed story “SEBI mulls new FPI disclosure norms” where Manendra Singh, Partner, Economic Laws Practice (ELP) Laws Practice’s views have been sought.
Tune into the story here: Click Here