@ZeeBusiness @AnilSinghvi_

@SEBI_India @CNBC_Awaaz

9/If SEBI truly wanted to reduce costs for investors, the first step would be addressing STT, GST, and stamp duty—not micromanaging AMCs and brokers. [@SEBI_India]

8/ Investors, remember: your real cost isn’t the tiny AMC fee, it’s the statutory taxes and policy changes that keep piling up every trade. #WakeUpSEBI

7/Last year, the government removed indexation benefits for long-term investments—making taxes higher for ordinary investors. Fixing tiny AMC fees won’t offset this. #PolicyFail

6/ If SEBI truly wanted to reduce costs for investors, the first step would be addressing STT, GST, and stamp duty—not micromanaging AMCs and brokers. [@SEBI_India]

5/ Arbitrage funds and small investors will feel the pinch, but ordinary investors don’t see relief. SEBI’s focus seems symbolic rather than practical. #InvestorProtection

4/ To put it in perspective: AMC fees are a fraction of what STT+GST+stamp duty cost investors. Fixing 0.05% doesn’t help much, but the big expenses remain. [@SEBI_India]

3/ AMC and brokers’ fees are tiny compared to statutory levies. SEBI caps brokerage to 2 bps (cash) and 1 bps (derivatives) for “transparency.” Meanwhile, STT, GST, and stamp duty continue to silently eat into your returns. #TransparencyFail

2/ Today, shares of HDFC AMC, Motilal Oswal, Nippon Life AMC, and others dropped 3-7% due to SEBI’s proposed fee changes. But the taxes investors actually pay remain untouched. [@SEBI_India]

1/ Investors, take note: SEBI [@SEBI_India] is focusing on AMC/brokerage fees like 0.05% while completely ignoring the real heavy hitters—STT, GST, and stamp duty. These taxes still get deducted from your investments. #InvestorPerspective

Thread 🧵: How SEBI’s “mutual fund fee reforms” are missing the real issues @SEBI_India

#IDFCFirstBank #WarburgPincus #CCPS #Finance #Banking

6/ In short: Warburg Pincus converted preference shares to equity, received dividend, and strengthened its stake in IDFC FIRST Bank.

5/ Timeline: •Investment Agreement: Apr 17, 2025 •Board approval & conversion: Oct 8, 2025

4/ Post-conversion: •Total equity: ₹8,151.96 crore •Total shares: 815.19 crore Warburg Pincus becomes a major shareholder.

3/ Before conversion, the CCPS earned 8% cumulative dividend. The bank will pay ₹72.67 crore for the holding period.

2/ On Oct 8, 2025, the Board approved conversion of 81.27 crore CCPS into equity shares (₹10 face value each). Warburg Pincus now has voting rights like any shareholder.

🧵 IDFC FIRST Bank CCPS Conversion Update 1/ IDFC FIRST Bank had issued CCPS (Compulsorily Convertible Cumulative Preference Shares) to Currant Sea Investments B.V., Warburg Pincus’s affiliate. These were always meant to convert into regular equity.

@DoorDash @DoorDash_Help