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BNY Mellon lobbies for unlisted India ADRs

Georgina Lee
The firm points to strong investor appetite, largely from the US, to buy Indian equities through over-the-counter American depositary receipts.
BNY Mellon lobbies for unlisted India ADRs

While India has recently widened channels allowing foreign investors to invest directly into equities through the qualified foreign investor (QFI) scheme, BNY Mellon says it is missing out on billions of dollars of investor demand via the over-the-counter market.

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