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of <h1>SEBI Sets New Bidding Rules for FIIs: Cap at INR 450 Crore, Minimum Bid INR 1 Crore, BSE Event March 16.</h1> The circular issued by SEBI on March 12, 2012, addresses the allocation of unutilized debt limits for Foreign Institutional Investors (FIIs) in the corporate debt old and Government Debt long-term categories. It stipulates that bidding for these limits will occur on the BSE on March 16, 2012. Amendments include a cap of INR 450 crore per entity in each category and a minimum bid amount of INR 1 crore. Fees for the bidding process must be paid to SEBI by the custodians within three working days post-bidding. Custodians are instructed to inform their FII clients about this circular.
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