India cenbank issues operational framework for reclassification of FPI to FDI
India's central bank on Monday released an operational framework for reclassifying equity investments made by foreign portfolio investors (FPI) that exceed the prescribed limit as foreign direct investment (FDI).
The reclassification of excess FPI stake as FDI: What does this mean for foreign investors?
The RBI Monday directed FPIs to obtain necessary approvals from the government and concurrence from the investee companies when their equity holdings go beyond the prescribed limits and they reclassify the holdings as FDI.
RBI introduces framework for reclassification of FPI to FDI
The new framework aims to streamline foreign investments, offering FPIs a compliant route to maintain stakes in Indian firms above the 10% cap.
RBI Unveils New Framework for FPI to FDI Reclassification
The Reserve Bank of India has introduced an operational framework allowing foreign portfolio investors to reclassify their investments as foreign direct investment if the prescribed limit is breached.
FPI to FDI reclassification: New RBI framework - Foreign portfolio investor's investment can become FDI if...
As per the RBI framework, the foreign portfolio investors have the option of divesting their holdings or reclassifying such holdings as FDI if the 10 per cent cap is breached. This reclassification has to be completed "within five trading days from the date of settlement of the trades causing the breach.
RBI Sets New Guidelines For FPI-To-FDI Reclassification
The new rules, developed in coordination with the government of India and the Securities & Exchange Board of India, establish clear protocols for reclassifying Foreign Portfolio investment (FPI) as Foreign Direct Investment (FDI) when holdings surpass 10 per cent of a company's fully diluted equity capital.
FPI Investment In Listed Companies Can Exceed 10% Through Reclassification As FDI: RBI
The Reserve Bank of India on Monday announced that a foreign portfolio investor (FPI) investing in excess of the prescribed 10 per cent limit in a company, shall have the option of divesting their holdings or reclassifying such holdings as foreign direct investment (FDI).
SEBI Circular on FPI to FDI Reclassification Procedure
ii. Pursuant to receipt of such intent from the FPI, the respective Custodian shall report the same to the Board and freeze purchase transactions by such FPI in equity instruments of such Indian company, till completion of the reclassification.
RBI issues framework for reclassification of FPI to FDI
The Reserve Bank of India on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor to foreign direct investment (FDI) if the entity breaches the prescribed limit.
RBI rolls out rules to reclassify FPI investment as FDI
The current law says an FPI cannot hold more than 10% of the total paid-up equity capital as portfolio investment in an Indian company. The investment is categorised as foreign direct investment (FDI) if the holding exceeds the 10% limit.
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RBI issues new framework for reclassification of FPI to FDI
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