Sebi chief leads team to US

The Times of India (New Delhi edition) - - Times Business -

Mum­bai: In a first of its kind out­reach­pro­gramme,aSe­bidel­e­ga­tion, led by chair­man Ajay Tyagi, trav­elled to three US cities last week and met in­vestors and in­dus­try as­so­ci­a­tions.

The visit took place at a time when FPIs were pulling out money from In­dian mar­ket with the of­fi­cial data show­ing a net out­flow of about $3.8 bil­lion since July this year. The Sebi del­e­ga­tion vis­ited New York, Bos­ton and Wash­ing­ton.

Ty­gai briefed par­tic­i­pants on key as­pects, trends and re­cent de­vel­op­ments in the In­dian econ­omy and cap­i­tal mar­kets, a re­lease said. The del­e­ga­tion put spot­light on over $120bil­lion raised through eq­uity and debt mar­kets in the last two years, m-cap of In­dian listed com­pa­nies be­ing in the top 10 global mar­kets, the re­lease said.

The del­e­gates and in­vestors dis­cussed de­ci­sions taken by reg­u­la­tor re­lat­ing to FPIs, pri­mary, sec­ondary mar­ket, MFs and cor­po­rate bond mar­kets.

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