New system for monitoring foreign investment limits in listed firms

RBI to disallow investment if there is non-compliance. The Reserve Bank, in consultation with Securities and Exchange Board of India (SEBI), has decided to put in place a new system for monitoring foreign investment limits. Necessary infrastructure and systems to kick-start the monitoring mechanism, according to RBI, will be made available by the depositories. All listed Indian companies are required to provide the specified data/information on foreign investment to the depositories. The requisite information should be furnished on or before May 15, the RBI said. The listed Indian companies in…

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BSE To auction funding Limits For Rs 4,046-Crore authorities Bonds

New Delhi: leading stock alternate BSE will on Monday public sale funding limits for remote places buyers for the purchase of government debt securities really worth Rs 4,046 crore. The public sale will be conducted on BSE’s ‘e-bidxchange’ platform from three:30 p.m. to 5:30 p.m., after the close of market hours. The debt auction quota offers foreign places traders the proper to make investments in the debt, as much as the restrict purchased. “stay bidding consultation for allocation of debt investment limits for FII (overseas institutional buyers)/FPI (overseas portfolio traders)/sub…

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