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of <h1>RBI Eases Rules for Indian Overseas Investments: New Caps and Opportunities for Companies, Individuals, and Mutual Funds.</h1> The Reserve Bank of India has issued a circular allowing certain relaxations for overseas investments by Indian entities. Listed Indian companies can now invest in foreign companies listed on recognized stock exchanges, provided these foreign companies hold at least a 10% stake in an Indian listed company. Such investments are capped at 25% of the Indian company's net worth. Resident individuals can invest in these overseas companies without monetary limits. Mutual Funds can invest in the equity of these foreign companies, with the overall investment cap raised to USD 1 billion. These relaxations are effective until June 30, 2003, and are subject to specific conditions and reporting requirements. Amendments to the Foreign Exchange Management Regulations, 2000, are forthcoming.
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