FII investment limits in long term infrastructure corporate bonds expanded, permitting unlisted bonds with defined lock in and allocation safeguards. FII investment limits for long term infrastructure corporate bonds are expanded to include unlisted bonds issued by infrastructure companies, with eligibility determined under existing sector criteria. Investments carry a minimum three year lock in but may be traded inter se among FIIs during that period; transfers to domestic investors are not permitted. The earlier allocation methodology for the category is withdrawn, allowing FIIs and sub accounts to access the limits without prior approval until the overall investment nears the cap, after which the prior allocation process will resume. Exchanges must provide a special trading window for FIIs.
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Provisions expressly mentioned in the judgment/order text.
FII investment limits in long term infrastructure corporate bonds expanded, permitting unlisted bonds with defined lock in and allocation safeguards.
FII investment limits for long term infrastructure corporate bonds are expanded to include unlisted bonds issued by infrastructure companies, with eligibility determined under existing sector criteria. Investments carry a minimum three year lock in but may be traded inter se among FIIs during that period; transfers to domestic investors are not permitted. The earlier allocation methodology for the category is withdrawn, allowing FIIs and sub accounts to access the limits without prior approval until the overall investment nears the cap, after which the prior allocation process will resume. Exchanges must provide a special trading window for FIIs.
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