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.
What RBI proposal for tighter project finance rules will mean for REC, PFC?
Anil Gupta of ICRA discusses the implications of RBI’s proposal for tighter project finance rules, focusing on provision requirements for projects seeking DCCO extension. The