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No correlation between FPI ownership norms and market fall: Sandeep Parekh
Sandeep Parekh says: "The market fall was not caused by the old circular on FPI ownership norms. It is more about transparency and knowing the investors behind large investments. The circular does not restrict investments and has sufficient flexibility. It only affects a small number of FPIs. The time period given to lower holdings is more than sufficient. The transparency norm is not an entry barrier for new participants."