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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Opens Infrastructure to Foreign Investment: 49% Cap, FDI Needs Approval, FIIs Limited to Secondary Market.</h1> The Government of India has established a policy allowing foreign investments in infrastructure companies within securities markets, including stock exchanges, depositories, and clearing corporations. Foreign investment is capped at 49%, with a 26% limit for Foreign Direct Investment (FDI) requiring Foreign Investment Promotion Board (FIPB) approval, and a 23% limit for Foreign Institutional Investment (FII) allowed only via secondary market purchases. FIIs cannot have board representation, and no foreign investor can hold more than 5% equity. SEBI and RBI will issue necessary regulatory amendments, ensuring compliance with the 5% shareholding limit for recognized stock exchanges.
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