Business Standard

Franklin Templeton MF says examining Gujarat HC order of staying e-voting

The e-voting window was scheduled to open on June 9 and close on June 11 and the unit holders' meeting through video conferencing was to be held on June 12

Franklin Templeton MF
Premium

The fund house in April closed six of its debt funds, citing redemption pressures and lack of liquidity in the bond markets

BS Web TeamPTI New Delhi
Franklin Templeton Mutual Fund on Friday said it is examining the order passed by the High Court of Gujarat, which stayed the electronic voting process for winding up of the fund house's six debt schemes.
The e-voting window was scheduled to open on June 9 and close on June 11 and the unit holders' meeting through video conferencing was to be held on June 12.
The fund house had offered two options to affected investors -- either monetisation of assets by trustees or hiring a third party to conduct the process. Apart from these offers, investors would also have an option to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in