Till now, a person (besides investing in listed stocks) could invest up to 10% in a foreign ‘holding’ or an unlisted investment company – often created by a group of HNI investors coming together. This investment vehicle in turn traded in financial derivatives and cryptos which are disallowed under the LRS.
Prosus gains $2 billion on Swiggy investment with IPO valuation
Prosus NV, Tencent’s top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent. Prosus and