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Non-bank FPIs at Gift City to gain from tax relaxation on p-notes

Post Budget 25, not only banks but all FPIs in the IFSC can avail of tax exemptions on p-notes.
Mutual funds top on use of P-Notes; Top-10 FPIs have 73% share

Besides, just ten foreign portfolio investors account for almost 73 per cent of total outstanding investments worth over Rs 2.2 lakh crore through the Offshore Derivative Instruments -- commonly known in India as Participatory Notes or PNotes.
Market not out of the woods yet: Udayan

The market had a volatile session today. There was a slight pull back after clarifications from the finance ministry on P-notes issue. Nifty is 35 point up and close to 5200 mark.

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Pnotes

Non-bank FPIs at Gift City to gain from tax relaxation on p-notes

Mutual funds top on use of P-Notes; Top-10 FPIs have 73% share

Market not out of the woods yet: Udayan