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Do NRIs need to route the sale of securities acquired through IPO/Private Placement through the designated bank branch for Portfolio Investment Scheme, if any?

April 26, 2017acquired Bank branch designated IPO NRIs placement private route sale securities

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Do NRIs need to route the sale of securities acquired through IPO/Private Placement through the designated bank branch for Portfolio Investment Scheme, if any?

3 Answers

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No. The shares/convertible debentures acquired under IPO cannot be routed through designated bank branch, as this is not covered by Portfolio Investment Scheme.

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No. The shares/convertible debentures acquired under IPO cannot be routed through designated bank branch, as this is not covered by Portfolio Investment Scheme.For further details please refer to the FAQ on Non PINS elow.

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No. The shares/convertible debentures acquired under IPO cannot be routed through designated bank branch, as Portfolio Investment Scheme does not cover this.