FPIs that met the criteria for enhanced disclosures as of October 31, 2023, had time till January 31 2024 to rebalance their holdings if they so wished.
Foreign Portfolio Investors (FPIs) have been dumping shares in recent trading sessions.
Market regulator Sebi does not expect a large number of foreign portfolio investors to be impacted by the new beneficial ownership disclosure norms, according to sources.
The norms are set to come into effect from February 1 and against this backdrop, the equity market has witnessed significant volatility, with the benchmark Sensex crashing over 1,000 points on Tuesday after shedding early intraday gains.
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Namit writes on personal finance, economy and brands. Currently contributing to News18.com as a Senior Sub Editor in the business vertical. Prior to t…Read More