Proposal to ease FPI norms for NRIs back on the table

January 16, 2023

The capital markets regulator held a few meetings about a month ago with some of the custodian banks and few large consultants to revisit the proposal to relax conditions on NRIs investing through an FPI vehicle, a registered fund pooled in a tax haven such as Mauritius and Singapore, three persons aware of the discussions told ET.

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