Government of India, Securities and Exchange Board of India SEBI, and Reserve Bank of India RBI have introduced flagship changes to the legal regime with respect to overseas investments by Indian residents including alternative investment funds AIF registered under the SEB.
BSE said on Tuesday its IFSC unit will be coming up with an exclusive platform for foreign securities akin to NSE. However, unlike NSE, BSE will be offering stocks beyond US markets and would include securities from US, Canada, Europe, and Australia.