Sebi clarification that NRIs, PIOs cannot be beneficial owners could hit around 150 of these
Executives fear restrictions will prevent them from profiting from their main competitive advantage over local fund managers
A key concern being flagged by FPIs is about indirect transfer provisions
Experts believe that any respite from such a sell-off is likely only in the second half of the new year 2017
There are also inputs that fake Indian currency notes predominantly produced in Pakistan are being smuggled into India