FPI can go beyond 10% in listed company by reclassifying investment as FDI: RBI

Quick Summary:

The Reserve Bank of India announced a new option for foreign portfolio investors exceeding the 10 per cent investment limit.

They can now divest their holdings or reclassify them as foreign direct investment, subject to government and company approvals.

This framework, effective immediately, prohibits reclassification in sectors where FDI is restricted.

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Article Details

Author / Journalist: ANI

Category: EconomyBusiness

Markets: India

Topics: Reserve Bank of India (RBI) Business news Foreign Direct Investment (FDI) Foreign Portfolio Investor (FPI) 10% investment limit Investment reclassification

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 23:53:14 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23519573

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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