Investors in Franklin Templeton’s debt schemes that are in the process of being wound up have sent a legal notice to market regulator Securities and Exchange Board of India (Sebi) demanding necessary directions to be issued to Franklin Templeton Trustee Services (FTTS) to re-open the schemes until the regulatory framework has been put in place.
Investors have also demanded that Sebi should appoint an administrator to take over Franklin Templeton Asset Management Company (FTAMC) and FTTS ..