India regulator firms 'corporate group' definition amid offshore funds scrutiny

India regulator firms 'corporate group' definition amid offshore funds scrutiny

Birds rest on the logo of the Securities and Exchange Board of India (SEBI). REUTERS/Shailesh Andrade/Files

India’s market regulator will consider a listed company’s major shareholders, affiliates and connected entities as part of a ‘corporate group’ as it increases scrutiny of investments by offshore funds in domestic entities, according to a written communication reviewed by Reuters.

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