A regulatory diktat in September 2023 to prevent Indian entities from abusing the foreign portfolio investor (FPI) route likely sparked a sizeable chunk of the aggressive FPI selling in the recent past, market experts said.
At a time of weak corporate earnings and rising US bond yields, selling to comply with the regulator's circular accounted for about 20-40% of the $13.75 billion outflows by global funds and global emerging market (GEM) funds in October and November, two fund managers and one securities lawyer said on the condition of anonymity.
The Securities and Exchange Board of India (Sebi) circular was designed to prevent Indian entities from bypassing India's minimum public shareholding (MPS) norms, which mandate every listed company to have a minimum public float of 25%.
هذه القصة مأخوذة من طبعة December 04, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 04, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How The Developed World Defeated Baku Negotiations
The 29th Conference of Parties (COP29), held in Baku, Azerbaijan, was to deliver a new climate finance agreement that matched the scale of our global challenge. Instead, the deal we got is little more than an exercise in political theatre.
High Inflation Likely To Keep Demand Subdued In 2025
Demand for goods is likely to remain subdued next year, as high inflation hurts real incomes, eroding consumer confidence, market research firm Kantar said in its outlook for 2025 released on Thursday.
Neha slams male rappers for offensive lyrics about women
Singer Neha Bhasin did not mince words when she took to Instagram on Wednesday to slam 'below average male rappers' and audiences for normalising offensive lyrics about women.
Sing and dance like Akki and SRK!!!
Actor Shah Rukh Khan showcased some serious moves as he danced to Jhoome Jo Pathaan from Pathaan (2023) at a recent private event in Delhi.
Mamta Kulkarni back in Mumbai after 25 years as Bombay HC clears her in ₹2,000 crore drug case
Former Bollywood star Mamta Kulkarni, 52, celebrated for her roles in 1990s hits like Karan Arjun alongside Shah Rukh Khan and Salman Khan, has made an emotional return to Mumbai after a 25-year absence.
It was the worst 24 hours of my life, paid₹8 lakh for my freedom: Sunil Pal
Comedian-actor Sunil Pal, known for his stint on The Great Indian Laughter Challenge, claims that he endured a harrowing ordeal that has left him scarred.
SOCHAY: A NEW BEGINNING
Actor-couple Naga Chaitanya and Sobhita Dhulipala officially tied the knot in a private ceremony at Annapurna Studios, Hyderabad, on Wednesday. Chaitanya's father, actor Akkineni Nagarjuna, shared the first glimpses of the wedding on social media.
Instant-redemption liquid funds or sweep-in FDs?
Markets regulator Sebi issued a circular on instant redemption in liquid funds in 2017, allowing investors to withdraw up to ₹50,000 or 90% of the money parked in a liquid fund per day, whichever is lower.
Bangladesh starts printing notes without Mujibur Rahman's image, new ones may feature uprising
Months after the ouster of Sheikh Hasina as prime minister, Bangladesh has begun the process of erasing the image of Sheikh Mujibur Rahman-her father and the iconic figure behind the founding of the country from its currency notes.
Justice Manmohan takes oath as SC judge, top court's strength at 33
Justice Manmohan took oath as a judge of the Supreme Court on Thursday, enhancing the strength of the top court to 33, just one short of its sanctioned strength of 34 judges.
