News From Press Pledged shares: SEBI may tighten norms to protect MF investors from payment delays

Pledged shares: SEBI may tighten norms to protect MF investors from payment delays

Source: Moneycontrol Jun 11, 2019

Market regulator Securities and Exchange Board of India (SEBI) intends to tighten norms on issue of debt instruments with promoters’ shares pledged as collateral, according to a report by The Times of India. The move comes after several mutual funds (MFs) experienced payment delays from companies over such instruments, commonly called loans against shares.

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