HALISTER1: Regulator Set to Block Participatory Notes for Non-Residents: ET

Regulator Set to Block Participatory Notes for Non-Residents: ET

(Bloomberg) -- Securities and Exchange Board of India set to bar non-resident Indians and entities owned by them and local residents from subscribing to participatory notes at April 26 board meeting, The Economic Times reports without citing any sources.
  • Step aimed at preventing round-tripping, black money laundering
For full report: NSN OOINR0AIBMDC

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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