The Corporate & Commercial Law Society Blog, HNLU

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Consolidation Without Safeguards: Analyzing the SEBI FPI Master Circular

BY KHUSHI JAIN AND UJJWAL GUPTA, SECOND – YEAR STUDENT AT DR. RAM MANOHAR LOHIYA NATIONAL LAW UNIVERSITY, LUCKNOW INTRODUCTION On 5 December 2025, the Securities and Exchange Board of India (‘SEBI’) issued a Consultation Paper on Review of Master Circular for Foreign Portfolio Investors…

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