Analyzing the role and impact of Participatory Notes (P-Notes) in the Indian stock market

This chapter delves into the history and impact of Participatory Notes (P-Notes) in the Indian stock market, examining concerns about market manipulation and illegal activities, the role in attracting foreign capital, tax evasion issues, and regulatory challenges faced by SEBI and RBI. It also addresses the recent surge in P-Notes investments, potential reasons behind it, and lingering concerns about their misuse.