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of <h1>FDI Cap in Credit Information Companies Raised to 49% with RBI and FIPB Approval; FIIs Limited to 24% via Secondary Market.</h1> The circular addresses amendments to the Foreign Direct Investment Scheme concerning foreign investment in Credit Information Companies. It permits foreign investment up to 49%, requiring prior approval from the Foreign Investment Promotion Board and regulatory clearance from the Reserve Bank of India. Investments by SEBI-registered Foreign Institutional Investors are allowed up to 24% through secondary market purchases, within the 49% cap. No individual Foreign Institutional Investor can hold more than 10% of equity. Authorized Dealer Category-I banks are instructed to inform relevant parties, and necessary regulatory amendments are to be issued separately under the Foreign Exchange Management Act, 1999.
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