2024-01-24 09:17:48 am | Source: Reuters
Offshore funds have seven months to liquidate holdings if investor data not disclosed
India's markets regulator has given offshore funds an additional seven months to liquidate holdings if high risk funds fail to disclose data about their investors by Jan. 29, two sources with direct knowledge of the matter said on Wednesday.
"There is no immediate deadline or cliff for offshore funds to liquidate any holdings," said the first of the two sources cited above.
They declined to be named as they are not authorised to speak to media.
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