SEBI BARS SOCGEN FROM ISSUING PNs

Markets regulator Securities and Exchange Board of India (SEBI) has barred Society Generale, a foreign institutional investor (FII) registered with it, from issuing fresh offshore derivative instruments (ODI) or participatory notes. The move comes after the regulator found that SocGen had wrongly reported the end beneficiary in 14 of the 45 transactions in which it had issued ODIs.