Foreign funds can issue participatory notes to investors, India's GIFT regulator says

Published on 2 May 2024 on Reuters via Yahoo Finance

Foreign funds can issue participatory notes to investors, India's GIFT regulator says

By Jayshree P Upadhyay

MUMBAI (Reuters) - Foreign funds registered with India's markets regulator and with operations at GIFT City can issue so-called participatory notes, the financial services regulator at GIFT said late on Thursday.

Participatory notes (P-Notes) are issued by funds and banks to overseas investors that wish to invest in stock markets without registering themselves in India.

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