I'm looking to do a number of what I understand is "off-market" transactions, whereby our to be established equity fund will purchase equities, and enter into a forward sale of these shares. These shares are then delivered in terms of the forward sale, and on-sold to a different purchaser. Could all these transactions take place "off-market" and thereby avoiding your STT in India? Also, it appears that STT is on its way out, whats your view on this?
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