SC disposes of Mahua Moitra's plea on disclosure of AIF, FPI owners

The Supreme Court on Thursday refused to issue any direction to the Securities and Exchange Board of India (SEBI) mandating public disclosure of ultimate beneficial owners and portfolios of alternative investment funds (AIFs), foreign portfolio investors and their intermediaries in India. A bench of Justices BV Nagarathna, R Mahadevan and DK Upadhyaya, hearing a plea filed by TMC MP Mahua Moitra,…