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Investments by FPIs in Non-Convertible / Redeemable preference shares or debentures of Indian companies

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....preference shares or debentures of Indian companies 1. Pursuant to the Reserve Bank of India (RBI) circular RBI/2013-14/632 dated June 06, 2014, it has been decided as follows: a) In terms of the RBI circular A.P. (DIR Series) Circular No. 84 dated January 06, 2014, an Indian company is permitted to issue non-convertible/redeemable preference shares or debentures to non-resident shareholders, in....

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Investments by FPIs in Non-Convertible / Redeemable preference shares or debentures of Indian companies