This is mainly for p-notes bought against a derivative trade in India.
Several foreign investors had subscribed to Compulsory Convertible Preference Shares (CCPS) before April 1, 2017.
Alleged leaks took place during Ramkrishna’s tenure; bourse said to have filed consent plea.
Lawyers said many transactions are personal & executives are wary of sharing the details.
NRIs would like to see the merger of the NRI regime with the FPI regime.
Insider traders use unpublished price sensitive information to their advantage.
Auto stocks came under pressure after sales dipped starting from October 2018.
Institutional investors may have to disclose in advance quantity of shares meant for a fund.
The main allegation against UTI is violation of debt investment norms.
Ambit Capital had indicated negative outlook on the firm in a report based on which fund houses took trading calls, which they say can’t be considered as price-sensitive information.
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