RBI and SEBI’s new framework for reclassification of FPI into FDI – A Welcome Move
As per the recent guidelines issued by the Reserve Bank of India, the Foreign Portfolio Investors (along with its investor group) [hereinafter called “FPIs”], having breached the upper threshold of 10 per cent or more of (fully diluted) total paid-up equity capital in a Company, shall now have a new option for divesting its holdings […]
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