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        Case ID :

        Fll Investment in Stock Exchanges

        December 13, 2014

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        Total net investments (equity and debt) made by Foreign Institutional Investors (Flls)/Foreign Portfolio Investors (FPIs) in India during the financial year 2013-14 is ₹ 51,649 crores.

         Total net investments (equity and debt) made by Flls/ FPIs in the India during the financial year 2014-15 (till November 27, 2014) is ₹ 184,757 Crore

        The quantum of net investments (equity and debt) made by (Flls)/ (FPIs) in.the India during the first two quarters of the financial year 2014-15 is as follows:

        INR crores

        Quarters 

        Equity 

        Debt 

        Total 

        First Quarter (April 2014 to June 2014) 

        37,600 

        27,302 

        64,902

        Second Quarter (July 2014 to September 2014) 

        23,643 

        55,508 

        79,151 

        Total 

        61,243 

        82,810 

        144,053 

        As per the new SEBI FPI Regulations, 2014 the individual and aggregate investment limits for the Registered Foreign Portfolio Investors (RFPIs) shall be below 10% (per cent) or 24% (per cent) respectively of the total paid-up equity capital or 10% (per cent) or 24% (per cent) respectively of the paid-up value of each series of convertible debentures issued by an Indian company. Further, RFPI investments are subject to composite sectoral cap under the FDI policy. 

        This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha .

        Foreign portfolio investment limits under SEBI FPI regulations constrain non resident stakes and remain subject to composite sectoral caps. Reported net investments by Foreign Institutional/Portfolio Investors for 2013-14 and 2014-15 show substantial quarterly equity and debt inflows. Under the SEBI FPI Regulations, 2014, individual and aggregate limits for Registered Foreign Portfolio Investors are set at 10% and 24% of a company's paid up equity or of each series of convertible debentures, and RFPI investments remain subject to the composite sectoral cap under the FDI policy.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Foreign portfolio investment limits under SEBI FPI regulations constrain non resident stakes and remain subject to composite sectoral caps.

                                Reported net investments by Foreign Institutional/Portfolio Investors for 2013-14 and 2014-15 show substantial quarterly equity and debt inflows. Under the SEBI FPI Regulations, 2014, individual and aggregate limits for Registered Foreign Portfolio Investors are set at 10% and 24% of a company's paid up equity or of each series of convertible debentures, and RFPI investments remain subject to the composite sectoral cap under the FDI policy.





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