• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Saturday, June 14, 2025
31 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    RPL will transform rugby as IPL did for cricket, says India captain Mohit Khatri ahead of inaugural season

    RPL will transform rugby as IPL did for cricket, says India captain Mohit Khatri ahead of inaugural season

    'All of us are enjoying what’s happening': Prasidh reflects on opening day of intra-squad game

    'All of us are enjoying what’s happening': Prasidh reflects on opening day of intra-squad game

    UTT Season 6: Reigning champions Dempo Goa Challengers face resolute U Mumba TT in semi-final 2

    UTT Season 6: Reigning champions Dempo Goa Challengers face resolute U Mumba TT in semi-final 2

    WTC Final: Bavuma holding mace will lift Test cricket again in South Africa, says Smith

    WTC Final: Bavuma holding mace will lift Test cricket again in South Africa, says Smith

    WTC final: These 69 runs will be the hardest SA will ever have to earn, says Steyn ahead of day 4

    WTC final: These 69 runs will be the hardest SA will ever have to earn, says Steyn ahead of day 4

    MCC makes ‘bunny hop’ boundary catches illegal

    MCC makes ‘bunny hop’ boundary catches illegal

    WTC final: Australia bowling coach Vettori eyes early breakthrough as SA close in on ICC glory

    WTC final: Australia bowling coach Vettori eyes early breakthrough as SA close in on ICC glory

    VPTL 2025: Jitesh Sharma's last-ball six seals NECO Master Blaster's victory and spot in final

    VPTL 2025: Jitesh Sharma's last-ball six seals NECO Master Blaster's victory and spot in final

    No evidence of corruption in AIFF, says President Kalyan Chaubey

    No evidence of corruption in AIFF, says President Kalyan Chaubey

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    RPL will transform rugby as IPL did for cricket, says India captain Mohit Khatri ahead of inaugural season

    RPL will transform rugby as IPL did for cricket, says India captain Mohit Khatri ahead of inaugural season

    'All of us are enjoying what’s happening': Prasidh reflects on opening day of intra-squad game

    'All of us are enjoying what’s happening': Prasidh reflects on opening day of intra-squad game

    UTT Season 6: Reigning champions Dempo Goa Challengers face resolute U Mumba TT in semi-final 2

    UTT Season 6: Reigning champions Dempo Goa Challengers face resolute U Mumba TT in semi-final 2

    WTC Final: Bavuma holding mace will lift Test cricket again in South Africa, says Smith

    WTC Final: Bavuma holding mace will lift Test cricket again in South Africa, says Smith

    WTC final: These 69 runs will be the hardest SA will ever have to earn, says Steyn ahead of day 4

    WTC final: These 69 runs will be the hardest SA will ever have to earn, says Steyn ahead of day 4

    MCC makes ‘bunny hop’ boundary catches illegal

    MCC makes ‘bunny hop’ boundary catches illegal

    WTC final: Australia bowling coach Vettori eyes early breakthrough as SA close in on ICC glory

    WTC final: Australia bowling coach Vettori eyes early breakthrough as SA close in on ICC glory

    VPTL 2025: Jitesh Sharma's last-ball six seals NECO Master Blaster's victory and spot in final

    VPTL 2025: Jitesh Sharma's last-ball six seals NECO Master Blaster's victory and spot in final

    No evidence of corruption in AIFF, says President Kalyan Chaubey

    No evidence of corruption in AIFF, says President Kalyan Chaubey

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

No plans to exit India business: Franklin Templeton

ENEWSTIME Desk by ENEWSTIME Desk
April 2, 2021
in Business
30
VIEWS
Share on FacebookShare on Twitter

Franklin Templeton India’s president Sanjay Sapre has said that the fund house has no plans to exit its India business.

ADVERTISEMENT

The statement comes at a time when media reports suggested that Franklin Templeton had requested for talks with the Indian Ambassador to the US over the capital market regulator SEBI’s probe into six shut debt schemes of the fund house in the country. The reports also said that Franklin Templeton had threatened to exit India operations if it was not given a fair hearing.

In a letter to investors, Sapre described the reports of a likely exit as speculations and rumours.

“At the outset, I wish to clarify and re-iterate that Franklin Templeton’s commitment to India remains steadfast. We were early entrants in the Indian mutual fund industry and have remained a part of the industry even while many other global asset managers decided to leave,” he said.

“Please let me assure you, we have no plans to exit our India business. Any speculation suggesting otherwise, or any rumours around sale of our business in India are incorrect and simply that – rumours,” the President of Franklin Templeton India told the investors.

ADVERTISEMENT

The company described itself as a “local” company with a “global” parent.

The letter further said that the company has endeavoured to keep all the stakeholders, including the relevant government and diplomatic authorities, appropriately informed of developments, and will continue to do so.

“Our intention in reaching out remains bringing the current matters to an appropriate and satisfactory conclusion,” it said.

Saying that it has great respect and full confidence in SEBI and all regulatory and statutory authorities, Sapre in his letter added that Franklin Templeton has been fully transparent with the regulator and have extended its fullest cooperation to them, to help them examine the circumstances surrounding the winding up of the six schemes by Franklin Templeton last year

Six debt schemes of Franklin Templeton Mutual Fund were shut in April last year after they faced unprecedented redemptions and liquidity issues amid the pandemic.

Related Posts

Air India, IndiGo issue alerts as Iran airspace closure disrupts flight operations
Business

Air India, IndiGo issue alerts as Iran airspace closure disrupts flight operations

June 14, 2025
US companies achieve record-breaking office leasing volumes in India: Report
Business

US companies achieve record-breaking office leasing volumes in India: Report

June 14, 2025
Govt forms high-level committee to investigate Air India AI-171 crash
Business

Govt forms high-level committee to investigate Air India AI-171 crash

June 14, 2025
Escalating geopolitical tensions hit investors' sentiment, defence stocks surge
Business

Escalating geopolitical tensions hit investors' sentiment, defence stocks surge

June 14, 2025
Structural reforms in last 11 years reshaped India’s macroeconomic fundamentals: FM Sitharaman
Business

Structural reforms in last 11 years reshaped India’s macroeconomic fundamentals: FM Sitharaman

June 14, 2025
Monthly grievance disposal crosses 1 lakh for 35th month in a row: Govt
Business

Monthly grievance disposal crosses 1 lakh for 35th month in a row: Govt

June 14, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Odisha EPFO official arrested by CBI for Rs 10,000 bribe

Iran-Israel conflict: Mangalam Group Chairman among 61 Rajasthanis stranded in Georgia as flights cancelled

RPL will transform rugby as IPL did for cricket, says India captain Mohit Khatri ahead of inaugural season

Hunar Hali Gandhi reflects on her portrayal of Kaikeyi in 'Veer Hanuman'

Air India, IndiGo issue alerts as Iran airspace closure disrupts flight operations

328 arms, 9,300 rounds of ammo recovered in Manipur by joint forces' team

Contact us

ssss

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP