Comments
The BSE and the NSE will scrap a window that allowed foreign investors to trade among themselves in the shares of companies that exhausted foreign holding cap. “The exchange will discontinue the Six-lakh Series from July 1 in the equity segment,” Asia’s oldest exchange said in a circular.
The NSE would discontinue the institutional trading series (IL series) with effect from July 1 in the capital market segment.
According to SEBI, in the event of the breach of aggregate FPI/NRI/Sector cap limit, FPIs are required to divest the excess quantity by selling them to domestic investors.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.