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Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as settlement charges. The order came after Raselle Capital proposed to settle the instant proceedings initiated against it without "admitting or denying the findings of facts and conclusions" of the law. The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant (Raselle Capital VCC) for the alleged violations of Sebi's Foreign Portfolio Investors (FPI) rules and other market norms. Further, a show cause notice (SCN) dated December 18, 2023, was issued to the applicant by the markets watchdog for the alleged violations. Thereafter, the applicant filed a settlement application with the regulator in terms of the provisions of Sebi's (Settlement Proceedings) regulations to settle the matter. Pursuant to the receipt of the application, Sebi's High Powered Advisory
The investment value of several top foreign portfolio investors (FPIs) in Indian shares has doubled or nearly doubled in the past three years.Government of Singapore Investment Corporation (GIC Pte) has seen its investment value more than double from Rs 17,823 crore to Rs 40,571 crore, data collated from Prime Database shows.The data looks at funds that own more than one per cent in Indian stocks and is for the period between March 2014 and March 2017.Government Pension Fund Global, a sovereign wealth fund owned by the government of Norway, saw its investment value double from Rs 9,709 crore to Rs 19,516 crore in this period. Canada Pension Plan's investment rose 13 times, to Rs 12,015 crore.The largest FPI is EuroPacific Growth Fund -- it manages assets of about $137 billion worldwide and invests in companies based chiefly in Europe and the Pacific Basin. The value of its holding in Indian stocks nearly doubled to Rs 60,507 crore. As on April 30, the Fund's top 10 holdings included ..