The government on Friday said total value of Participatory Notes holding Indian shares was Rs 1,03,579 crore at the May-end and there is no definite trend in the PNs issued since November.
Minister of State for Finance Namo Narain Meena said that the amount is 16.6 per cent of Rs 6,24,488 crore, the total assets under management of Foreign Institutional Investors at the May-end.
“Sebi has informed that there is no evidence of any definite trend in the PNs issued by the FIIs over the last seven months, that is, from November 2008 to May 2009,” the Minister said. At the end of last November, the total value of PNs with underlying Indian securities was at Rs 70,980 crore.
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