Search Result for : Fiis

The Dollar Business Bureau Reserve Bank of India (RBI) has eased rules for foreign portfolio investors (FPIs) for transacting in securities except shares by permitting them to directly trade in such instruments.“With a view to providing flexibility in regard to the manner in which non-convertible debentures/bonds issued by Indian companies can be acquired by FPIs, it has now been decided to allow them to transact in such instruments either directly or in any manner as per the prevalent/approved market practice,” a notification by the RBI reads.SEBI (Securities and Exchange Board of India) registered Foreign Institutional Investors (FIIs), registered FPIs, Qualified Foreign Investors (QFIs) and long-term investors are permitted to buy securities on the basis of repatriation and in accordance with terms and conditions ...

The Dollar Business Bureau  Foreign Institutional Investors (FIIs) continue to be overweight on country’s markets on the hope of recovery in the second half of the current financial year and also on the long-term outlook of growth, according to a report of UBS.  The meeting of UBS with more than 80 investors in the US, the EU and Asia during the last month revealed that almost all the FIIs remain overweight and positive on the Indian markets and seemed to be not concerned about rich valuations or about the 'overweight' position, it said.There are several factors which are responsible for this optimistic outlook of investors on Indian markets such as hopes of a recovery in growth in the second half of current fiscal; confidence ...

The Dollar Business Bureau  Grasim Industries Ltd, an arm of Aditya-Birla group, has decided to increase the foreign investment limit from the currently approved 24 percent to 30 percent, according to a statement issued by the company. The decision, taken by the shareholders, will put into effect an stated increase in the investment limit for Registered Foreign Portfolio Investors (RFPIs)/Foreign Institutional Investors (FIIs) of the company’s equity share capital.  The rise will come into effect after due approval from the Reserve Bank of India (RBI). The change has been brought about to further aid investments by the RFPIs/FIIs into the company’s equity shares. This headroom for increase will be augmented following the merger of Aditya Birla Nuvo Ltd (ABNL) with Grasim Industries, considering the level of ...

The Dollar Business Bureau Reserve Bank of India (RBI) has given its approval to foreign investors to increase their share up to 30 percent in Motherson Sumi Systems Ltd, the flagship company of the Samvardhana Motherson Group. Earlier, the limit was 24 percent. “Foreign institutional investors (FIIs)/registered foreign portfolio investors (RFPIs) can, under the Portfolio Investment Scheme (PIS), now invest up to 30 percent of the paid up capital of Motherson Sumi Systems Limited,” the central bank said in a notification. The Board of Directors of the Motherson Sumi Systems had cleared a resolution and a special resolution has been passed by the shareholders agreeing to enhance the purchase limit of company’s equity shares by RFPIs/FIIs. Through PIS, the FIIs, NRIs and Persons of Indian Origin ...

The Dollar Business Bureau  The Reserve Bank of India has allowed foreign investors to buy 100% in Crompton Greaves Consumer Electricals Ltd (CGEL). In a notification released to the press RBI said, “Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS).”  The company, Crompton Greaves had passed special resolutions in its Board of Directors meeting and in its shareholders’ meeting, agreeing to enhance the limit for the purchase of its equity shares and convertible debentures through FII’s and RFPI’s.  Mention needs to be made of the attempt made in May by private equity firm Advent International Corp and the famed Singapore state ...

Government has already allowed 100% FDI through automatic route in various sectors The Dollar Business Bureau Government has decided to introduce full fungibility of foreign investment in Banking-Private sector, says Commerce Minister   Towards creating a better ease of doing business environment in the country, government is taking moremeasures to carry out FDI-related reforms and bring in more foreign investments. This was informed by the Commerce Minister Nirmala Sitharaman in a written reply to Rajya Sabha on Wednesday. The investment commitments, through Foreign Direct Investment (FDI) equity inflows after launch of Make in India in September, 2014 has been worked out as $45,682 million for the period between October 2014 December 2015 (15 months after Make in India initiative launch), said the Commerce Minister. Taking ...

With a view to promote 'Make in India' and following the practices in advanced countries, foreign investors will be accorded 'residency status' subject to certain conditions Source: PTI Investment limit for foreign entities in Indian stock exchanges will be enhanced from 5% to 15% on par with domestic institutions   In order to attract more foreign investment, Finance Minister Arun Jaitley on Monday proposed significant liberalisation of FDI norms in a host of sectors including insurance, pension, ARCs and stock exchanges. In the insurance and pension sectors, foreign investment will be allowed through automatic route for up to 49% subject to the guidelines on Indian management and control, to be verified by the regulators. Earlier, foreign investment up to 26% was allowed through automatic route. ...

Source: PTI  Foreign institutional investors have reduced their holdings in 19 blue chip firms that are part of the 30-share benchmark Sensex during July-September quarter as they recast their portfolio on account of several domestic and global factors. They have raised their holdings in 11 companies, as per the data available for the 3-month period ended September 30. In the April-June quarter, FIIs had trimmed exposure in 20 blue-chip companies. Market experts said that a slew of global and domestic factors including concerns over economic slowdown in China and weak GDP numbers in India prompted FIIs to reduce their holdings. Moreover, foreign investors have pulled out more than Rs.18,000 crore from the stock markets during the July-September quarter, higher than over ...