Venture Intelligence (TSJ Media Pvt. Ltd.)
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Pension fund managers to be allowed to invest in listed firms, IPOs
The Pension Fund Regulatory and Development Authority (PFRDA) is set to allow pension fund managers to invest in India's top 200 listed companies, apart from IPOs, follow-on public offerings, and offers for sale issues. Currently pension funds can only invest in companies with market cap more than INR 5,000 crore which also are in the F&O (futures and options) segment of bourses. The regulator will thus expand the investable universe to the top 200 firms. It will also fix certain criteria for eligible IPOs and similar primary issues.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.