Sebi norms may've partly fuelled recent FPI sell-off
Hindustan Times|December 04, 2024
FPIs net sold shares worth almost ₹1.16 lakh cr during October-November
Ram Sahgal & Neha Joshi
Sebi norms may've partly fuelled recent FPI sell-off

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%.

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Hindustan Times

HC fines ex-MLA who hid German nationality

The Telangana high court on Monday fined former Bharat Rashtra Samithi (BRS) MLA Chennamaneni Ramesh ₹30 lakh for hiding details about his Germany citizenship while contesting assembly elections.

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1 min  |
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Hindustan Times

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1 min  |
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Hindustan Times

Centre plans monthly data on job creation, unemployment: Officials

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1 min  |
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Hindustan Times

Assam CM announces major cabinet changes

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Hindustan Times

Streamline approvals for exploratory drilling, states told

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PM: Vision of 'reform, perform, transform' led to robust growth
Hindustan Times

PM: Vision of 'reform, perform, transform' led to robust growth

The country has seen robust development in every sector over the past 10 years with a vision of \"reform, perform, transform\", Prime Minister Narendra Modi said on Monday as he addressed investors and industrialists in Jaipur.

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3 minutos  |
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AT PRE-BUDGET MEET WITH FM, FARMERS DEMAND SCRAPPING OF GST ON AGRI INPUTS
Hindustan Times

AT PRE-BUDGET MEET WITH FM, FARMERS DEMAND SCRAPPING OF GST ON AGRI INPUTS

A delegation of farmers, which met Union finance minister Nirmala Sitharaman last week, has sought scrapping of the Goods and Services Tax on farm inputs, two people who attended the meeting said on Monday.

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Hindustan Times

As crisis unfolds, India pushes for stability in Syria

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Hindustan Times

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Hindustan Times

254 species recorded in bird survey

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