Sebi introduces measures to speed up sales proceeds availability to FPIs ...Middle East

Business Standard - Economy
Sebi introduces measures to speed up sales proceeds availability to FPIs
To boost operational efficiency and respond to concerns raised by Foreign Portfolio Investors (FPIs), Sebi on Wednesday said it has introduced measures to speed up the availability of sale proceeds for such investors, bringing them on par with domestic institutional investors. It is broadly estimated that efficiency gains on account of this measure would be around Rs 2,000 crore per annum. FPIs previously reported delays in their access to sale proceeds beyond the standard 'T+1' (trading plus one) settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations. To address thi

Hence then, the article about sebi introduces measures to speed up sales proceeds availability to fpis was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Sebi introduces measures to speed up sales proceeds availability to FPIs )

Apple Storegoogle play

Last updated :

Also on site :



Latest News