 "Sebi")
A Securities and Exchange Board of India (Sebi)-appointed experts group on Saturday made a slew of recommendations which are likely to soothe the nerve of foreign portfolio investors (FPIs). The HR Khan-led committee on easing access norms for overseas investors has recommended significant relaxations to the controversial April 10 circular issued by the capital markets regulator.
In an interim report, the committee has proposed allowing non-resident Indians (NRIs) to hold a non-controlling stake in foreign funds. Further, it has said people of Indian origin (PIOs) should be exempted from the ownership restrictions. The move comes as a relief to FPIs, as
