A stop sign stands outside an automobile assembly plant. (Photographer: Anthony Lanzilote/Bloomberg)
Over 600 entities owned by foreign portfolio investors have been barred from buying or selling securities in the Indian markets after they failed to disclose their beneficial owners.The National Stock Exchange said in a notification that the entities in question failed to disclose the details as part of the market regulator’s know-your-customer requirements. Some of these entities were owned by investment houses such as Pacific Inves...