P-Note investments slump to 20-month low

NEW DELHI: Investments into India’s capital markets through participatory notes (P-Notes) declined to a 20-month low of Rs 2.11 lakh crore at the end of April, with

NEW DELHI: Investments into India’s capital markets through participatory notes (P-Notes) declined to a 20-month low of Rs 2.11 lakh crore at the end of April, with the Securities and Exchange Board of India keeping a strict vigil on funds coming through this route. Earlier this month, Sebi tightened norms to check any misuse of controversy-ridden P-Notes by making it mandatory for users of these overseas instruments to follow Indian anti-money laundering law, and report any suspicious transactions immediately.

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