HALISTER1: Sebi Says Non-Resident Indians Not Allowed to Invest in ODIs

Sebi Says Non-Resident Indians Not Allowed to Invest in ODIs

(Bloomberg) -- Clarifies on media report of NRI’s using Offshore Derivative Instruments to invest in India; report factually incorrect, Sebi says via statement on website.
  • Not received any complaint, evidence with regard to money laundering via ODIs
  • Says other authorities, investigating agencies also not provided any evidence related to matter
  • Sebi statement Link
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Source: BFW (Bloomberg First Word)

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