Private placements may get FDI tag even if below 10% threshold

Nov 28 2013, 11:58 IST
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A finance ministry official told FE that all aspects of foreign investment were being discussed. Reuters A finance ministry official told FE that all aspects of foreign investment were being discussed. Reuters
SummaryGovernment and RBI may allow a couple of exceptions to the proposed rule.

classifications of non-resident Indians (NRI) and person of Indian origin (PIO) investment groups unchanged.

NRIs/PIOs will continue to be viewed as a distinct market participant enjoying certain privileges in terms of investment permissions not available to foreign investors and will continue to have an aggregate investment limit of 10%.

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