Masala bond reclassification: reassigns masala bond issuances to ECB framework and restores corporate bond capacity for FPIs. Masala bonds are reclassified from the FPI corporate bond limit to the ECB framework and will be monitored accordingly. The amount freed by this shift will be restored to the FPI corporate bond ceiling through phased quarterly allocations, and a portion of each quarterly allocation is reserved exclusively for long term FPIs to invest in infrastructure as defined under the Master Direction on ECBs. All other FPI debt investment conditions remain unchanged.
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Provisions expressly mentioned in the judgment/order text.
Masala bond reclassification: reassigns masala bond issuances to ECB framework and restores corporate bond capacity for FPIs.
Masala bonds are reclassified from the FPI corporate bond limit to the ECB framework and will be monitored accordingly. The amount freed by this shift will be restored to the FPI corporate bond ceiling through phased quarterly allocations, and a portion of each quarterly allocation is reserved exclusively for long term FPIs to invest in infrastructure as defined under the Master Direction on ECBs. All other FPI debt investment conditions remain unchanged.
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