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of <h1>India Eases Rules for Overseas Direct Investments: Share Swaps and Pledging Shares Now Permitted for Indian Entities.</h1> The circular addresses changes in regulations for overseas direct investments by Indian entities. It allows Indian parties to acquire shares in foreign companies through share swaps involving ADRs/GDRs, now considered a valid mode of overseas investment under specified limits. Additionally, Indian parties can pledge shares in overseas joint ventures or wholly-owned subsidiaries to regulated overseas lenders, offering more flexibility in securing funds, provided financial commitments adhere to Reserve Bank limits. Authorised Dealer Category - I banks are instructed to inform their clients about these updates. Amendments to the relevant notification will be issued separately, under the authority of the Foreign Exchange Management Act.
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