FPI-FDI transition to give overseas funds more elbow room, say experts

Quick Summary:

Had the framework been operationalised before, many such FPIs would have opted to reclassify as FDI,” said a bank-based custodian.

The custodian added that many such FPIs divested or exited their holdings to comply with the norms on granular disclosure.

While the norms for reclassification were already present in the Foreign Exchange Management Act (Fema), in absence of operational guidelines, industry players have maintained status quo.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaMauritiusSingapore

Topics: Overseas fund FDI Stock exchange FPI Indian markets Overseas funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 20:09:40 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 617 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23572335

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 258 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions