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Commercial paper issuance to Foreign Institutional Investors permitted under amended deposits regulations, expanding eligible non-resident investors. Amendment to Regulation 8 of the Foreign Exchange Management (Deposits) Regulations, 2000 expands eligibility for issuance of Commercial Paper by adding a Foreign Institutional Investor registered with the relevant securities regulator alongside Non-Resident Indians, and the amendment takes effect upon publication in the Official Gazette.
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Commercial paper issuance to Foreign Institutional Investors permitted under amended deposits regulations, expanding eligible non-resident investors.
Amendment to Regulation 8 of the Foreign Exchange Management (Deposits) Regulations, 2000 expands eligibility for issuance of Commercial Paper by adding a Foreign Institutional Investor registered with the relevant securities regulator alongside Non-Resident Indians, and the amendment takes effect upon publication in the Official Gazette.
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