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Investments in domestic capital markets through participatory notes fell to a four-month low of Rs 1.68 lakh crore at the end of April amid stringent norms put in place by Sebi to curb the inflow of illicit funds.
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Markets regulator Sebi today put in place a stricter KYC and disclosure regime for Participatory Notes to make it tougher to use these offshore instruments without disclosing the money-trail and details of their users.






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