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Franklin Templeton moves to vacate stay on e-voting, says Sebi is the nodal agency

Franklin Templeton India city Mumbai county Franklin covid-19 pandemic information
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MUMBAI : Franklin Templeton India on Friday moved a plea in the Gujarat High Court seeking that it vacates its order which had stayed the e-voting process.

The e-voting of unit holders is required to for monetising the underlying assets of the 6 shuttered schemes.Franklin in its plea said that if the stay is not vacated “it will cause grave harm and prejudice to the more than 3 lakh unitholders of the schemes, including small/retail investors in these schemes as the process of returning the money to these numerous investors will be delayed".Mint has reviewed a copy of the petition.

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