Franklin MF sees Rs 616 cr default from Essel Infra in four schemes

Franklin MF sees Rs 616 cr default from Essel Infra in four schemes

Mutual fund manager appoints legal counsel, says it is considering ways to maximise recovery value Topics Franklin Templeton | Mutual Funds | Essel Infra Franklin Templeton Mutual Fund (FT MF), in an update on Friday, disclosed default of maturity payments of Rs 616 crore on the zero-coupon bond exposures to Essel Infraprojects. These debt papers were held at varied…

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Franklin Templeton’s debt funds hit as Essel Infra defaults on NCDs

Franklin Templeton’s debt funds hit as Essel Infra defaults on NCDs

Allirajan MIn a fresh jolt to investors, Franklin Templeton Mutual Fund (MF) has said that Essel Infraprojects (EIL) has defaulted on its non-convertible debentures (NCDs). Four of the fund house’s debt schemes that are being wound up had made investments in these NCDs.Though the fund house has said that the event does not have any impact on…

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Franklin Templeton Says Essel Neighborhood Defaulted On Bonds Held By Four Schemes

Franklin Templeton Says Essel Neighborhood Defaulted On Bonds Held By Four Schemes

Bloomberg the Company & Its ProductsThe QuintBloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s…

View More Franklin Templeton Says Essel Neighborhood Defaulted On Bonds Held By Four Schemes
Franklin Templeton faces default on Essel workforce paper

Franklin Templeton faces default on Essel workforce paper

The Essel group paper has a maturity value of ₹616 crore, although it is currently valued at only ₹92 crore by Franklin Templeton. (Photo: Bloomberg) 2 min read . Updated: 23 May 2020, 11:03 AM IST Neil Borate The paper, which was in the form of NCDs, was backed by shares of Zee Entertainment Enterprises,…

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Franklin Templeton appoints Kotak Mahindra Financial institution to aid in monetising resources of 6 wind-up funds

Franklin Templeton appoints Kotak Mahindra Financial institution to aid in monetising resources of 6 wind-up funds

NEW DELHI: Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank to work together with Franklin Templeton Asset Management (India) to assist the trustees in monetising portfolios of the six schemes that are being wound up. Kotak Mahindra Bank, through its debt capital markets team, will work closely with the Franklin Templeton Trustees, to assist…

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Here is when Franklin unit holders will find 100% a reimbursement: Extremely immediate bond fund to put 5 yrs

Here is when Franklin unit holders will find 100% a reimbursement: Extremely immediate bond fund to put 5 yrs

Franklin Templeton mutual fund house in an email to its investors has provided the schedule of maturity dates of the investments of its 6 frozen debt schemes. The schedule released by the fund tells investors in its recently closed 6 debt schemes how long it will take to get 100 per cent of their invested…

View More Here is when Franklin unit holders will find 100% a reimbursement: Extremely immediate bond fund to put 5 yrs
Franklin India can also put off over 5 years to return some funds

Franklin India can also put off over 5 years to return some funds

The development is the latest turn after the company shut six debt schemes last month.Bloomberg|Last Updated: May 19, 2020, 11.42 PM ISTShutterstock.comThe fund manager had previously said it is seeking investor approval to liquidate the six debt schemes.By Bijou George and Rahul Satija Investors in some of the credit funds run by Franklin Templeton’s India…

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Franklin India Would possibly well Clutch Over 5 Years to Return Some Funds: 10 Things To Know

Franklin India Would possibly well Clutch Over 5 Years to Return Some Funds: 10 Things To Know

US-based Franklin Templeton’s investors impacted by its decision to wind up six of its funds in India may have to wait more than five years to fully recoup their money, news aegncy Bloomberg reported on Tuesday. The development is the latest turn in the fiasco after Franklin Templeton Mutual Fund – one of India’s most…

View More Franklin India Would possibly well Clutch Over 5 Years to Return Some Funds: 10 Things To Know
Franklin Templeton mutual fund would possibly perhaps presumably judge over 5 years to return some fund

Franklin Templeton mutual fund would possibly perhaps presumably judge over 5 years to return some fund

Home > Money > Personal Finance > Franklin Templeton mutual fund may take over five years to return some fund The fund manager had previously said it is seeking investor approval to liquidate the six debt schemes. 1 min read . Updated: 19 May 2020, 03:41 PM IST Bijou George and Rahul Satija , Bloomberg…

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Will SEBI’s rap push Franklin Templeton to refund traders’ cash sooner?

Will SEBI’s rap push Franklin Templeton to refund traders’ cash sooner?

Last week, the markets regulator Securities and Exchange Board of India (SEBI) instructed fund house Franklin Templeton to focus on returning the amounts due to its investors. The house had wound up six of its debt funds, with outstanding investments totalling to more than Rs 25,000 crore on April 23. However, it had already announced…

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