India Research Analyst Regulations January 25, 2015
Due to new regulation within India (here), analysts providing research and recommendations must be certified with India’s securities regulatory body SEBI. We will no longer be providing recommendations on companies in India or our holdings. We will maintain our current holdings of PC Jeweller and Zensar Technologies. Hopefully the businesses continue to grow in line with expectations and we never have to modify our positions. In case we do, we will not increase our position size due to regulations but will decrease the position sizes, with notification of course.