Hence, it is better to clarify, to save more setbacks, with the Supreme Court of India. The wait for Franklin Templeton debt mutual fund investors has been lengthened with the Supreme Court today ordering a stay of redemption by investors of the six additional schemes. The Apex Court also questioned …
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MUMBAI: In ruling on an appeal by Franklin’s trustees against the Karnataka high court ruling, the Supreme Court has allowed the trustees to hold a vote on the liquidation of six Franklin Templeton debt mutual fund schemes. Unable to cope with bailout pressure, Franklin Templeton had frozen repayments on six …
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NEW DELHI / MUMBAI: The Karnataka the superior court ruled Saturday that Franklin Templeton mutual fund it will need to seek shareholder approval before liquidating six schemes with combined assets of about 280 billion rupees ($ 3.8 billion). One of the largest fixed income fund houses in India, it closed …
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Mumbai: Karnataka’s high court ruled on Monday that Franklin Templeton India’s decision to liquidate its set of six debt schemes required the consent of a simple majority of shareholders. The court ordered that the trustees should not take any action on the liquidation of the six schemes until the consent …
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[ad_1] The Franklin Templeton Mutual Fund on Friday offered an unconditional apology to market regulator Sebi over the comment from its senior official that the sudden regulatory changes were to be blamed for its sudden decision to liquidate six debt mutual fund schemes. The fund house claimed that the media …
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[ad_1] Mumbai The statement by Franklin Templeton’s world president, Jennifer M. Johnson, about the regulatory reasons behind the closure of her six debt schemes in India, has not worked well with the Securities and Exchange Board of India (Sebi). In a statement Thursday night, Sebi said he has advised Franklin …
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