The RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local businesses, enhancing deal flexibility. This move clarifies and simplifies downstream investment procedures while restricting investments by Chinese subsidiaries in India using retained earnings.
Vishal Mega Mart promoter to sell 10% stake worth Rs 5,057 crore via block deal: Report
Vishal Mega Mart’s promoter, Samayat Services LLP, plans to sell 10% equity via block deals worth ₹5,057 crore at a 12% discount. Despite this, shares