News From Press Franklin AMC bought JSPL papers from its schemes

Franklin AMC bought JSPL papers from its schemes

Source: Business Standard May 12, 2017

The mystery buyer of Jindal Steel and Power's (JSPL’s) non-convertible debentures (NCDs) in Franklin Templeton’s mutual fund schemes in February-March 2016 is, finally, out. And it is none other than Franklin Templeton Asset Management Company, itself, which bought these papers from its six schemes, according to the fund house’s annual report.

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