FII investments in Debt Securities
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....y 19, 2007 announced the increase in the cumulative debt investment limit available for investment by FIIs/ Sub Accounts in Government Securities/ T-Bills from US $2 billion to US $2.6 billion. It has now been decided to further enhance the said limit to US $3.2 billion. It was noticed that there was no uniformity among custodians with respect to considering investments by FIIs in debt oriented m....
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....imits. The individual limits allocated to the 100% debt FIIs/ Sub Accounts stand cancelled. 2. The allocation of unutilized/ unallocated limits for investments in Government Securities/ T-Bills shall be on first-come-first-serve basis. The applications may be forwarded on the e-mail ID, [email protected]. The allocation shall be valid for a period of 15 days from the date of the alloca....
TaxTMI