The Securities and Exchange Board of India (Sebi) is expected to grant relief to foreign portfolio investors (FPIs) with concentrated holdings in Indian companies without a promoter group by exempting them from stricter disclosure requirements if there is no risk of breach of public holding norms. This move will provide flexibility to FPIs in disclosing material changes in a timely manner. The decision is expected to be approved in the board meeting scheduled for March 15. Another proposal to be discussed during the meeting is to allow alternative investment funds (AIFs) to pledge their shares in infrastructure sector investee companies. This will enable AIFs to engage in leverage. The aim is to enhance the participation of AIFs in the infrastructure sector.