Regulatory

If the new allowance by the SEBI with regards to hedge funds is anything to go by, India may soon witness a case similar to the ongoing one in American-listed nutrition company Herbalife which is facing a hedge fund investor battle in its stock.

While social investment is not an alien concept in the Indian investment arena, it definitely did not receive its due fanfare until now.

The Foreign Investment Promotion Board (FIPB) has approved the single FDI case of Bhartiya Samruddhi Investments and Consulting Services for the induction of foreign equity in the investing company of R27.72 Cr.

The announcement of allowing 51% FDI in multi-brand retail and 49% foreign holding in aviation is now followed by the recent decision of the Cabinet to approve 49% FDI in insurance and 26% in pension sector.

In reply to the 'informal guidance' sought by Unit Trust of India Investment Advisory Services (UTI-IAS) about the proposed investment in Repco Home Finance, SEBI said the investment is not permissible under its venture capital regulations.

With a big move to attract more IDRs, market regulator SEBI has partially accepted the government proposed IDR fungibility. The redemption or conversion of IDRs into underlying equity shares will be to the extent of 25% of the IDRs originally issued value, in a financial year.

As the deadline for minimum public shareholding nears, SEBI tries to give a serious indication to companies of it's intention.

After planning to re-introduce entry load for MFs sold beyond top 15 cities, SEBI has made several changes to the rule governing MFs , IPO and fund distributors.

The Case