Franklin Templeton Mutual Fund can appeal to the Supreme Court on the Karnataka High Court order on the liquidation of the six debt schemes. In a letter to the investors of the six troubled debt schemes, Sanjay Sapre, president of Franklin Templeton Asset Management (India) wrote: “Although we are still …
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The Karnataka High Court ruled on Saturday in the case involving the closure of six Franklin Templeton Mutual Fund debt schemes. The plans were frozen on April 23, an action that was suspended by the Gujarat High Court on June 3. The Supreme Court transferred the Gujarat case along with …
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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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[ad_1] (Representative image) NEW DELHI: Franklin Templeton Mutual Fund On Friday, it issued an unconditional apology to market regulator Sebi (Securities and Exchange Board of India) over statements made by its president and CEO Jennifer M Johnson that the new regulatory guidelines led to the closure of its six debt …
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[ad_1] MUMBAI: Franklin Templeton India issued an apology to the Securities and Exchange Board of India (Sebi) “for any unintentional slights caused to the regulator.” The market regulator was upset by the comment from Franklin Templeton’s global president, Jennifer M Johnson, that regulatory guidelines were one of the reasons that …
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[ad_1] The Securities and Exchange Board of India (Sebi) has “advised” the Franklin Templeton Mutual Fund to focus on returning the money that is stuck after the settlement of the six debt schemes to its investors. The regulator, in a late release Thursday, defended its October circular that required liquid …
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