Cabinet gives ex-post facto approval to the proposal of M/s Yes Bank Ltd. for increase in the foreign investment limit from 41.87% to 74%

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....abinet gives ex-post facto approval to the proposal of M/s Yes Bank Ltd. for increase in the foreign investment limit from 41.87% to 74% <br>News and Press Release<br>Dated:- 25-5-2016<br><BR>The Cabi....

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....net Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today granted ex-post facto approval to the proposal of M/s Yes Bank Ltd. for increase in the foreign investment limi....

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....t to 74% from the existing foreign equity of 41.87% without any sub-limits, for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors.....

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.... The mode of instruments include Qualified Institutions Placement (QIP) of equity shares and/or issue of ADRs/GDRs and/or QFIs/FPIs under the Portfolio Investment Scheme (PIS) by acquisition of permi....

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....ssible securities on stock exchange (except NRIs). The approval may be accorded subject to the conditions referred to para 8.2 of the Note. This will result in a Foreign Direct Investment of US $ 1 b....

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....illion (Rs. 6885 crores approx.) in the country.<BR> News - Press release - PIB....