The Securities and Exchange Board of India’s (Sebi’s) latest proposal on identifying ultimate beneficial ownership of offshore funds could impact portfolio flows and force foreign portfolio investors (FPIs) to redraw
FPI flows likely to trip on Sebi's stricter ownership disclosure rules
Such investors could reduce their exposure to evade 'high-risk' tag and shift to friendlier jurisdictions, say experts
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Sebi estimates Rs 2.6 trillion, or 6 per cent, of FPI AUC (assets under custody) is at the risk of being identified as ‘high risk’
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First Published: Jun 1 2023 | 10:11 PM IST
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