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<h1>FII debt reinvestment limits now capped annually, with defined utilization windows and auction trigger, and SEBI oversight enforced.</h1> SEBI amends the FII debt allocation framework to allow annual reinvestment up to fifty percent of prior year debt holdings, imposes utilisation windows of thirty days for government debt and sixty days for corporate debt allocated by bidding, and permits FIIs to avail corporate long term infrastructure limits without prior SEBI approval until overall FII investment reaches ninety percent, after which remaining limits will be auctioned; SEBI will monitor utilisation.