Business Daily from THE HINDU group of publications
Saturday, Sep 16, 2006
ePaper
Business Daily from THE HINDU group of publications Saturday, Sep 16, 2006 ePaper |
|
|
|
|
|
|
|
Money & Banking
-
Foreign Institutional Investors Markets - Regulatory Bodies & Rulings Our Bureau
Mumbai , Sept. 15 Foreign Institutional Investors investing 100 per cent in debt will be subject to a ceiling of $390 million while investing in upper Tier II bank instruments. For FIIs who invest 70 per cent in equity and 30 per cent in debt, the limit will be $110 million, said a Securities and Exchange Board of India order. Investment by FIIs in Upper Tier II is subject to an overall limit of $500 million. The 70:30 FIIs will also have to maintain a headroom of $20 million. It implies that FIIs are free to invest till the total investment touches $90 million. Thereafter, the approvals for limits will be granted by SEBI. The order also says: "The board of SEBI reserves the right to withdraw unused allocation in case there is demand from any FII which has already exhausted the limits in order to enable the optimum use of the allocations. The individual limits for investment in Upper Tier II instruments will be advised to the 100 per cent debt FIIs separately."
More Stories on : Foreign Institutional Investors | Regulatory Bodies & Rulings | Govt Bonds
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|