Exclusive-India considers expanded measures to boost strategic foreign investment from 5-year lows

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NEW DELHI : The Indian government is considering expanded measures to allow greater flexibility for strategic foreign investors to buy stakes in local companies after offshore investment slumped to a five-year low, three sources with knowledge of the matter said.

The finance ministry did not immediately respond to an email seeking comment.India attracted 2.1 per cent of global FDI in 2023 after peaking at 6.5 per cent in 2020, according to ratings agency India Ratings and Research.

Currently, India's foreign exchange laws do not recognise mezzanine instruments in corporate financing, which are common globally, particularly in large transactions involving mergers and acquisition.

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Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Foreign Instruments Investment India Billion Government Sources Debt Investments Equity Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:54:53 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 22 lines

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Copyright Owner: © Channel News Asia

News ID: 23336411

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