The Securities and Exchange Board of India (SEBI) has approved stricter disclosure rules for foreign portfolio investors (FPIs) to prevent misuse of overseas investment routes and violations of shareholding regulations. The new rules require FPIs to make additional disclosures on ownership, economic interest, and control of funds. The move comes amid SEBI’s ongoing investigation into allegations of infringements by the Adani Group. SEBI also approved a proposal to reduce the interval for listing shares after a public offering to three days, instead of the current six days. The revised timeline will be implemented in two phases.
