RBI says foreign investment in non-convertible shares to be part of corp debt limits
MUMBAI (Reuters) - 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)
- Tweet this
- Share this
- Digg this
- Thousands raised to buy car for Pennsylvania sniper's lookalike
- WHO vaccines boss signs up as Ebola trial guinea pig
- Two dead, four wounded after student opens fire at Washington state school
- UPDATE 4-P&G to exit Duracell battery business; quarterly sales dip
- WHO says Ebola vaccine plans accelerating as trials advance
The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article