Use of Participatory Notes in Indian Equity Markets and Recent Regulatory Changes

Use of Participatory Notes in Indian Equity Markets and Recent Regulatory Changes
This paper focuses on the use of participatory notes (PNs) by foreign investors, as a conduit for portfolio flows into Indian equity markets for more than a decade. The broadening of India's foreign investor base, in recent years, has a bias towards hedge funds/unregistered foreign investors who invest primarily via PNs. While tax arbitrage via... READ MORE...

Publication date: December 2007
ISBN 9781451868548
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