Custodians will have more power in securing first-time foreign investment under the proposed Foreign Portfolio Investment regime in India, but are seeking a more defined role.
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Tag : qfi
The firm points to strong investor appetite, largely from the US, to buy Indian equities through over-the-counter American depositary receipts.
South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.
