FPI can go beyond 10% in listed company by reclassifying investment as FDI: RBI
New Delhi [India], November 11 (ANI): The Reserve Bank of India on Monday announced that a foreign portfolio investor (FPI) investing in excess of the prescribed 10 per cent limit in a company, shall have the option of divesting their holdings or reclassifying such holdings as foreign direct investment (FDI).
By far, rules provide that investment made by FPI along with its investor group shall be less than 10 per cent of