The schemes have received Rs 708 crore during August 1-14. This takes the total cash flows received till date since April 24 to Rs 4,988 crore, Franklin Templeton MF said in a statement
In a note to investors, FT MF said that it was in the process of initiating appropriate enforcement action to recover dues from the issuer and other connected parties
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
Regulator-appointed firm probing closure of six schemes
Two group companies missed their payments due on Thursday
Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops
Sebi also observed that as a stock market regulator, it conducts investigation to examine alleged or suspected violation of laws and regulations
Essel group firms -- Cyquator Media, Direct Media and Khoobsurat Infra -- had appealed to the division bench after the single-bench of Delhi HC had declined any relief
The two debt papers were to mature in September 2020 and September 2021, respectively
The payout was made to mutual fund schemes of Franklin Templeton, UTI and Nippon, which had exposure to debt paper of the troubled telecom company
Court directs concerned parties to file any rejoinders by July 29
A total of 596 companies including Vodafone Idea, ONGC, and Sail are scheduled to announce their March quarter earnings today
As per earlier timeline, Chokshi & Chokshi was to complete by first week of July but given the tedious nature of the probe, it will be allowed to submit its finding by end July or first week of August
Sebi's eight-member board will for the first time hold the meeting via video conferencing in light of the Covid-19 pandemic
In a letter to investors, Franklin Templeton MF President Sanjay Sapre has updated them on the winding up process of six debt income schemes
Fund house had appealed to apex court to hear plea to vacate stay on wind-up voting
Franklin Templeton had filed a petition in the Supreme Court challenging the stay granted by Gujarat High Court on the e-voting process
The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues
Gujarat HC to hear Sebi's appeal on stay order same day
Recently, the Securities and Exchange Board of India (Sebi) has ordered an audit of the six schemes under wind-up by FT MF.