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India Stock Regulator Goes Slow on Mauritius Investors, ET Says

June 7 (Bloomberg) -- Securities and Exchange Board of India, the country’s stock market regulator, is going slow on issuing licenses to foreign fund investment vehicles based out of Mauritius, the Economic Times Newspaper reported without saying where it got the information.

At present, a tax treaty allows investors from Mauritius to avoid tax on capital gains they make on investments in India.

Link to Story: {NSN L3LX9Y6LJLDT <GO>} For Related News and Information: Top Stories:{TOP<GO>}

To contact the reporter on this story: Unni Krishnan in New Delhi at ukrishnan2@bloomberg.net

To contact the editor responsible for this story: Margo Towie at mtowie@bloomberg.net

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