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Sebi's deadline to disclose BO ends, few FPIs seek legal route
Millennium Post Delhi
|New Delhi 10September2024
With the deadline to disclose the beneficial owners in FPI to markets watchdog Sebi expiring on Monday, a couple of foreign investors have sought legal avenues to avoid complying with the regulations.
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Two Mauritius-based foreign portfolio investors — LTS Investment Fund and Lotus Global Investment — have reportedly approached the Securities Appellate Tribunal (SAT) to seek urgent relief from adhering to Sebi’s new norms for foreign investors.
This story is from the New Delhi 10September2024 edition of Millennium Post Delhi.
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