SEBI is contemplating allowing foreign individuals to directly invest in Indian stocks, currently accessible via the FPI route. This proposal, still under consideration, aims to broaden the ownership base but faces hurdles like KYC compliance and money laundering risks. While most major markets permit direct foreign retail investment, Indian authorities are proceeding cautiously.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000