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Franklin offers unconditional apology to Sebi

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Sebi said some funds had chosen to have a high concentration of riskier assets Franklin Templeton India apologized to markets regulator Securities and Exchange Board of India (Sebi) over comments made by the company’s global chief executive Jenny Johnson, which the asset manager claimed were taken out of context. “We deeply regret any unintended slight this may have caused to the esteemed offices of Sebi whom we have always held in the highest regard and unconditionally apologize for the same," the company said in a public statement on Friday.

On 23 April, Franklin Templeton India decided to shut six of its debt schemes due to redemption pressure and illiquidity of its portfolio of investments following the covid-19 pandemic outbreak.

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