Why Sebi barred foreign portfolio investors from executing non-disposal undertakings
Updated : April 11, 2018 01:56 PM IST
FPIs are circumventing the FPI Regulations by executing NDUs to avail credit facilities as there is uncertainty on whether NDUs create encumbrances.
Sebi has provided much-needed clarity to FPIs and the designated depository participants on the correct position of law.
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