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P-notes are Participatory notes. This can also commonly known as P-notes or PN.
Key points :
- Investment through p-notes is the domestic capital market increases. This is Rs63,288 crore increase till July end.
- Participatory notes are overseas derivation instruments required by investors to invest in India securities without having to register. With the SEBI – Securities and Exchange Board of India.
- They issued by FPLs – Foreign portfolio investors.
- This instrument gained popularity as it avoids formalities of registering and provides anonymity.