praveen
21-11-2007, 05:34 PM
A large number of foreign investors want to register in India to participate in the booming stock market, the head of the country's market regulator, M Damodaran, told a business conference on Wednesday.
Last month, the Securities and Exchange Board of India (SEBI) had tightened investment rules for unregistered foreigners.
It had then said it would encourage foreign funds to invest transparently by registering with Indian authorities. "I am happy to say that in the last one month a large number of foreign investors have approached us and want directly to invest in our markets," Damodaran said.
"The intention is largely to see that the markets are onshore and not offshore as was in the past. He said there were plans to introduce real estate investment trusts and listing of securitised instruments.
SEBI is also working on guidelines to help speed up the process for raising capital, Damodaran said.
Last month, the Securities and Exchange Board of India (SEBI) had tightened investment rules for unregistered foreigners.
It had then said it would encourage foreign funds to invest transparently by registering with Indian authorities. "I am happy to say that in the last one month a large number of foreign investors have approached us and want directly to invest in our markets," Damodaran said.
"The intention is largely to see that the markets are onshore and not offshore as was in the past. He said there were plans to introduce real estate investment trusts and listing of securitised instruments.
SEBI is also working on guidelines to help speed up the process for raising capital, Damodaran said.