ODIs, often loosely called participatory notes, are issued by FPIs (against underlying securities in India) to offshore investors who bet on Indian stocks without registering themselves with the Securities & Exchange Board of India (SEBI).

Related Keywords

Mumbai , Maharashtra , India , Prakhar Dua , Nishith Desai Associates , Securities Exchange Board Of India , Exchange Board , Operational Guidelines , Master Circular , Fpis , Odi Holder , Derivative , Regulator , Capital Market , Labour Market ,