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Sebi's FPI Disclosure Rules: Large FPIs fully compliant, investors with concentrated holdings on shopping spree, say sources

Money ControlMoney Control · 11m ago
Sebi's FPI Disclosure Rules: Large FPIs fully compliant, investors with concentrated holdings on shopping spree, say sources
Medial

Foreign portfolio investors (FPIs) in India with over Rs 25,000 crore in equity assets have either met or been exempted from additional disclosure requirements as per the Section 43B of FPI Regulations. This provision allows the Securities and Exchange Board of India (SEBI) to relax regulations in case of factors beyond the control of the entities or for procedural and technical reasons. Many FPIs have applied for exemptions before the September 9 deadline. Fears of heavy selling by FPIs to avoid non-compliance seem exaggerated, as some FPIs are increasing their exposure to the Indian market to comply with the disclosure framework.

Related News

Indian regulator's probe faults Adani group on disclosure rules -sources

ReutersReuters · 1y ago
Indian regulator's probe faults Adani group on disclosure rules -sources
Medial

India's market regulator, the Securities and Exchange Board of India (SEBI), has reportedly discovered violations of disclosure rules and offshore fund holding limits by the Adani Group. The investigation was launched following concerns raised by Hindenburg Research. Sources indicated that the violations are "technical" in nature and may result in monetary penalties once the investigation concludes. The violations relate to undisclosed related-party transactions and exceeding limits on offshore fund holdings. The penalty for each violation by each entity could be up to 10 million rupees ($121,000). The Supreme Court is set to hear the matter, and SEBI's report is expected after its orders are passed.

Paytm’s FDI down by 2% in Q1 FY25; retail investors and MFs increase stake

EntrackrEntrackr · 1y ago
Paytm’s FDI down by 2% in Q1 FY25; retail investors and MFs increase stake
Medial

One 97 Communication Limited, the parent company of Paytm, has updated its shareholding pattern for Q1 FY25 with the stock exchange on Friday. The revised shareholding indicates a rise in the stocks held by retail investors and mutual funds, according to data sourced from the firm’s Bombay Stock Exchange (BSE) filing. According to the filings, the retail investors’ shareholding grew by 1.3% to 16.56% from 15.32% whereas the mutual funds have increased their bets on Paytm’s shares by 0.65% to 6.80% in Q1 FY25. The investment led by Mirae and Nippon helped Paytm to increase domestic institutional investors’ stake by 0.29% to 7.15% during the first quarter of the ongoing fiscal year (Q1 FY25). Paytm also saw a 2% decrease in its total foreign direct investment (FDI) to 37.77% in Q1FY25, filing shows. The considerable decrease in FDI was due to the major exit of SoftBank (SVF India Holdings) which currently commands less than 1% in Paytm. Foreign Portfolio Investors (FPIs) currently command 20.47% stake in Paytm with a marginal decline by 0.16% sequentially. As per the board meeting disclosure, Paytm’s parent will publish its Q1 results on July 19. The public firm is expecting a revenue of Rs 1500-1600 crore with EBITDA before ESOPs of negative Rs 500-600 crores.

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