/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Faced with regulatory action, the fund house’s latest threat to quit India if penalized only adds to its long list of missteps
Editor's note: There’s no other way to say this. Franklin Templeton’s actions now smack of entitled behaviour and aren’t, in any way, beneficial to any of the parties involved in the sordid mess triggered by its shutting down six of its debt mutual fund schemes in India last April. Not the fund house. Not the Securities and Exchange Board of India. And certainly not the confidence of thousands of investors who have placed their trust in the company. In a recent bizarre development, the US-headquartered asset management company used diplomatic channels to seek a “just and fair” hearing in the ongoing investigation by SEBI. The regulator is in the final stages of its investigations into the shutting of the six schemes on 23 April 2020. These schemes are currently being liquidated by SBI Mutual Fund, where the underlying securities are being monetized. The proceeds will be distributed to the investors as and when the Supreme Court issues directions. “If we are hit with unfairly large penalties—whether by fine or disgorgement—that not only would discriminate against a major US-based global investment manager, it …
Faced with regulatory action, the fund house’s latest threat to quit India if penalized only adds to its long list of missteps
Editor's note: There’s no other way to say this. Franklin Templeton’s actions now smack of entitled behaviour and aren’t, in any way, beneficial to any of the parties involved in the sordid mess triggered by its shutting down six of its debt mutual fund schemes in India last April. Not the fund house. Not the Securities and Exchange Board of India. And certainly not the confidence of thousands of investors who have placed their trust in the company. In a recent bizarre development, the US-headquartered asset management company used diplomatic channels to seek a “just and fair” hearing in the ongoing investigation by SEBI. The regulator is in the final stages of its investigations into the shutting of the six schemes on 23 April 2020. These schemes are currently being liquidated by SBI Mutual Fund, where the underlying securities are being monetized. The proceeds will be distributed to the investors as and when the Supreme Court issues directions. “If we are hit with unfairly large penalties—whether by fine or disgorgement—that not only would discriminate against a major US-based global investment manager, it …
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
