The regulator has asked custodian banks to reach out to foreign portfolio investors by March and share the details by end of September, the sources said, speaking on condition of anonymity as the matter is confidential.
If they do not provide such details, the regulator would deem the foreign funds in-eligible and ask them to liquidate their holdings in the Indian market by March 2024.An email sent to SEBI was not immediately answered.
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What is the policy in US or other places in Europe?
Adani became super rich under its watch SEBI didn't question anything