Pointing out that global bond markets are still largely over-the-counter institutions, Koay said that for foreign investors looking to invest in Indian bonds, there are four layers at present – setting up a specific account to access bonds located here, determining the exchange rate considerations, procuring the bonds and posting margin considerations while looking at tax considerations.
New mechanism to speed up transfer of unlisted NSE shares
NSE shares will become easily transferable via the delivery instruction slip (DIS) mechanism from March 24, reducing transfer timelines from six months to just 3-5