Over the past few months, Sebi has taken several measures to stop the misuse of the controversy-ridden participatory notes. Photo: ReutersNew Delhi: Investments in the Indian capital market through participatory notes (P-notes) climbed to Rs1.31 trillion at October-end after hitting an over eight- year low in the preceding month. P-notes are issued by registered foreign portfolio investors to overseas players who wish to be part of the Indian stock market without registering themselves directly. Over the past few months, Sebi has taken several measures to stop the misuse of the controversy-ridden participatory notes. In April, Sebi had barred resident Indians, NRIs and entities owned by them from making investment through P-notes.

Source: Mint December 06, 2017 13:07 UTC