LIC and IDBI Bank both held stakes in NSE, but LIC’s holding was outside this rule.
The govt plans to appoint a high-level committee to look into merging the NRI and FPI routes.
The move could dim the popularity of products such as liquid schemes.
In some cases, Sebi has resorted to further legal proceedings, depending on the gravity of the violation.
Companies embroiled in debt-related issues lead the list of losers.
Clients of Zerodha also faced issues while rolling over their existing positions.
Two-way fungibility will also help with raising money overseas
The revised rules proposed on Friday said only those transactions where Securities Transactional Tax (STT) is paid are exempt from the enchanted tax surcharge.
FM's move expected to provide relief to many big-ticket FPIs that participate in cash markets.
Shares of Creative Peripherals, which migrated on August 5 surged nearly 10 per cent since then.
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