‘FPI can be reclassified as FDI if stake exceeds 10%’

Quick Summary:

The Reserve Bank of India (RBI) has introduced a new framework that allows foreign portfolio investments (FPIs) to be reclassified as foreign direct investments (FDI) if they exceed a 10% ownership threshold in an Indian company.

This move aims to simplify investment procedures for foreign investors and encourage long-term engagement in the Indian market.

The earlier circular covered aspects such as modes of payment for different types of investments, the reporting requirements and the regulations related to specific types of investments.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChadFrancePakistan

Topics: FPI reclassification Rupee falls to new low RBI Ease of doing business FDI norms Sunil Kumar EY India Sectoral caps Business news Foreign direct investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 03:19:57 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23530076

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