Mumbai
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.
According to Securities and Exchange Board of India data, the value of P-note investments in Indian markets - equity, debt and hybrid securities - was at Rs 97,751 crore by September-end compared to Rs 97,744 crore by August-end.
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