Sebi's new disclosure rules on single group exposure may hit about 100 FPIs

The total holdings of these 100 FPIs was Rs 1.2 trillion by at March 2023-end quarter; of these, 51 FPIs had all their investments in a single corporate group

Close to 100 entities registered as foreign portfolio investors (FPIs) could be impacted by the Securities and Exchange Board of India’s (Sebi’s) tighter disclosure norms.
 

Under the new framework that Sebi’s board cleared last month, FPIs with single group exposure of more than 50 per cent or

holdings of over Rs 25,000 crore in domestic equities have to furnish granular disclosures around their ownership, economic interest, and names of people in control.
 

An analysis of FPI shareholding done by PRIME Infobase shows that there are close to 100 FPIs that have single group exposure of 50 per cent or more. The