Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15%

Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15% https://www.taxtmi.com/news?id=16426 Approval raised the foreign shareholding ceiling for stock exchanges, depositories, banking companies, insurance companies and commodity derivative exchanges from 5% to 15% and permits foreign portfolio investors to acquire shares via initial allotment as well as the secondary market, aligning foreign shareholding limits with those for domestic institutions and implementing a Budget announcement on FDI policy reforms for market entities. en-us Thu, 28 Jul 2016 10:51:12 +0530 Thu, 28 Jul 2016 10:51:12 +0530 TaxTMI RSS Generator Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15% https://www.taxtmi.com/news?id=16426 Approval raised the foreign shareholding ceiling for stock exchanges, depositories, banking companies, insurance companies and commodity derivative exchanges from 5% to 15% and permits foreign portfolio investors to acquire shares via initial allotment as well as the secondary market, aligning foreign shareholding limits with those for domestic institutions and implementing a Budget announcement on FDI policy reforms for market entities. News - Thu, 28 Jul 2016 10:51:12 +0530 https://www.taxtmi.com/news?id=16426