Thursday November 16 2017
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: India
The Reserve Bank of India (RBI) has announced he Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s ICICI Lombard General Insurance Company Ltd. has increased from 24% to 49% of its paid up capital.
The increase is subject to regulation 5(2) of Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2017 dated November 07, 2017.
Click on the above link for further information.