Sebi permits up to 100% NRI contribution for FPIs based out of GIFT IFSC

Q: How long will it take to read this news story?

The story "Sebi permits up to 100% NRI contribution for FPIs based out of GIFT IFSC" has 426 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Sebi permits up to 100% NRI contribution for FPIs based out of GIFT IFSC" was covered 3 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 201 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21408129</li><li>URL: https://beamstart.com/news/sebi-permits-up-to-100-17195582067325</li></ul>

Business Standard Logo Business Standard 3d ago

Sebi permits up to 100% NRI contribution for FPIs based out of GIFT IFSC - Business Standard

Quick Summary:

In a circular issued on Thursday, Sebi said it has amended FPI rules to "provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)".

Markets regulator Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC).

The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India.