The Reserve Bank of India on Friday allowed a host of foreign investors to invest, on repatriation basis, in non-convertible/ redeemable preference shares or debentures issued by an Indian company and listed on recognised stock exchanges in India.
This investment will be within the overall limit of $51 billion earmarked for corporate debt.
The investors who can invest in non-convertible/ redeemable preference shares or debentures include FIIs, qualified foreign investors deemed as registered Foreign Portfolio Investors.
Long-term investors registered with SEBI – Sovereign Wealth Funds, Multilateral Agencies, Pension/ Insurance/ Endowment Funds, foreign Central Banks— too will be considered as eligible investors.
Further, non-resident Indians may also invest, both on repatriation and non-repatriation basis.
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