Principal AMC ceases to exist as an Mutual Fund- Sebi
时间:2024-06-26 13:58:30 阅读(143)
Principal Mutual Fund (Principal AMC) will cease to exist as a mutual fund from June 2, capital markets regulator Sebi announced on Thursday. The AMC had informed the markets regulator that it wants to surrender the registration granted by the regulator. “Sebi has accepted the request for surrender of certificate of registration of PMF. Consequently, PMF ceases to exist as a mutual fund w.e.f. June 2, 2022,” said Sebi in a statement.
In January 2021, Principal AMC, managing assets worth more than 9,500 crore, was acquired by Sundaram Mutual Fund for338.53 crore for 100% of the share capital of the AMC, Principal Trustee Company, and Principal Retirement Advisors. The schemes managed by Principal Asset Management will be acquired by Sundaram MF.
The deal received the required regulatory approvals from the Competition Commission of India (CCI) and from Sebi in November 2021.
According to Sebi, Principal MF will continue to be liable for all liabilities/obligations, including monetary penalties, if any, for violations, if any, of the provisions of Sebi Act and MF regulations that have taken place before its surrender of certificate of registration.
上一篇:Crude oil price set for second weekly drop as recession fears, rates cloud outlook
下一篇:Will Nifty give up 17000 or will bulls grip D-St- Check 7 things to know before market opens
猜你喜欢
- RIL, Axis Bank, HUL, Bajaj Auto, ONGC, Indian Hotels Company, SBI Life stocks in focus
- Lost in Translation- Breaking Down Barriers in Doctor-Patient Conversations
- Crude oil prices set to snap two-week losing streak on China demand optimism
- Maldives row- No halt in flights but bookings drop after ‘derogatory remarks’
- Coca-Cola extends ICC partnership to become its longest-associated brand
- Coal India stock rating ‘Buy’- Increased demand, output to help, say brokerages; check share price targets
- Reliance Industries shares tank 2% after Q1 results disappoint; should you buy, sell, or hold RIL stock-
- Reliance, Infosys lift Nifty, Sensex to end higher for 4th straight day; markets to remain upbeat, buy on dips
- Crude oil posts another weekly decline on demand concerns, eyes now on US GDP data, OPEC output