Capital market regulator Sebi Friday said it has not issued any advisory to mutual funds against rolling over of their current exposure to Indiabulls Housing Finance and Dewan Housing Finance. "It has been reported in certain sections of the media that Sebi has advised mutual funds not to roll over their current exposure to Indiabulls Housing Finance and Dewan Housing. It is clarified that Sebi has not issued any such advisory," the regulator said in a statement. The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources. In recent days, shares of non-banking financial companies (NBFCs) and housing finance companies have taken a beating against the backdrop of IL&FS group entity defaulting on its debt obligations, triggering fears of liquidity crunch. The Securities and Exchange Board of India (Sebi) has sent letters to mutual funds seeking ...
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Friday, 28 September 2018
No advisory issued to MFs to disclose exposure to Indiabulls, DHFL: Sebi
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