Tuesday May 25 2010
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: India
The Reserve Bank of India has clarified that the 10% individual investment limit under the Portfolio Investment Scheme is also applicable to investments by the same entity for Foreign Direct Investment.
As a result, an India foreign institutional investor can invest in a maximum of 10% of the paid up capital of an Indian entity; these holdings are combined with those under the Portfolio Investment Scheme, thus the two investments combined must not exceed 10%.