The regulator communicated its decision to the FPIs’ representatives last week, the people said, reviving a case that dates back to October 2020, when Sebi’s surveillance systems first flagged the unusual concentration of their holdings. Sebi’s investigation had flagged 13 FPIs. They subsequently sought to settle the case.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.