Any offshore funds with more than 50% of its assets in a group of companies will not have to disclose its investors if the apex company in that group does not have a large shareholder or promoter, the markets regulator said in a circular.
Promoter is an Indian markets term for large shareholders who can influence company policies.
Last year, SEBI asked offshore funds with 50% of their assets in a single group of companies and with more than ₹25,000 crore ($3 billion) in Indian equity markets to disclose their investors.
Diese Geschichte stammt aus der March 21, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der March 21, 2024-Ausgabe von Financial Express Mumbai.
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