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SEBI Prohibits Citizens, NRIs from Buying DRs of India-Listed Companies - (11 Oct 2019)

CAPITAL MARKET

Securities and Exchange Board of India has barred Indian citizens, including those ordinarily resident overseas, from buying depository receipts (DRs) issued by locally-listed companies, seeking to tighten ownership rules on entities that are raising funds through equity sales abroad.

Tags : SEBI   NRI  

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