The direction better aligns with the Fema rules, the regulators said in separate notifications on Monday and help lift current 10% cap on such investments, of course with prior government nod. The regulators have issued an operational framework for reclassification of overseas investments by FPIs to foreign direct investments (FDI), outlining the process to be followed in case of breach of the thresholds.
This story is from the November 12, 2024 edition of The Morning Standard.
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This story is from the November 12, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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