Secrecy surrounding offshore derivative instruments (ODIs), or participatory notes, used by anonymous foreign investors in Indian stocks is set to end. New rules will require ODI subscribers to register with NSDL and provide a Legal Entity Identifier (LEI). This move aims to enhance transparency and reduce hidden risks in financial transactions, making it easier to identify foreign investors.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj