Investments into P-notes surge in October
Reuters Market Eye - The total value of participatory notes into Indian equity and debt, including derivatives, rose to 176 trillion rupees in October, its highest since February, according to Securities and Exchange Board of India (SEBI) data.
Check link link.reuters.com/bag74t
The rise in investments via P-notes marks a significant recovery from the fiscal 2012-13 year-low in May when the value fell to 1.29 trillion amid worries the government was looking to tax foreign investors under the General Anti Avoidance Rule (GAAR).
Participatory notes are offshore instruments issued by foreign institutional investors to overseas investors who want to invest in India without having to directly register with Indian capital markets regulator SEBI.
However, the deferral of the implementation of GAAR, valuations in equities and the governent's fiscal and economic reforms have revived investments into P-notes.
- Tweet this
- Share this
- Digg this
- China building South China Sea island big enough for airstrip - report
- Team mates will determine success of my captaincy - Kohli
- Bighorn sheep escapes Los Angeles Zoo, dies after car strikes it
- India approves $2.6 bln mounted gun purchase - official
- U.S. plans to arm Iraq's Sunni tribesmen with AK-47s, RPGs, mortars
India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article