'No' vote could mean emergency liquidation of securities: Sanjay Sapre, FT

President of Franklin Templeton India Sanjay Sapre speaks ahead of the vote on whether the fund house should be allowed to wind up troubled schemes

Over 300,000 investors in the six troubled schemes of Franklin Templeton Mutual Fund will cast their votes on whether fund house should be allowed to wind up schemes. Sanjay Sapre, president, Franklin Templeton India, tells Samie Modak that a ‘no’ vote will lead to forced selling. Edited excerpts:

Why are you calling investors to vote in favour of winding up of the schemes?

According to the order issued by the Supreme Court, we are seeking unitholder consent for winding up of the six fixed income schemes. The e-voting for the same will be held from December 26-28, followed by a