The current law says an FPI cannot hold more than 10% of the total paid-up equity capital as portfolio investment in an Indian company. The investment is categorised as foreign direct investment (FDI) if the holding exceeds the 10% limit. Until now, there was lack of clarity on how the offshore portfolio manager could go about classifying and reporting the stake once the holding crosses 10%.
Benchmark yield softens 5 Bps to 6.52%
Lower US yields and expectations of a rate cut by RBI in its monetary policy next week have also weighed on yields, treasury heads at
April 3, 2025