MUMBAI Reserve Bank of India (RBI) said on Friday it has decided to include investments in non-convertible shares, redeemable preference shares and debentures within the $51 billion limit reserved for foreign investment in corporate debt in India.
The RBI said all registered foreign institutional investors (FIIs), qualified foreign investors (QFIs), foreign portfolio investors (FPIs) and long-term investors such as sovereign wealth funds (SWFs) would be allowed to buy convertible shares as part of the corporate debt investment quota.
(Reporting by Himank Sharma; Editing by Subhranshu Sahu)
Trending On Reuters
Eighteen village councils in Uttar Pradesh are demanding a local Coca-Cola bottling plant be prohibited from extracting water from the ground, claiming its over usage has led to water scarcity in the area, said an environmental campaign group. Full Article