Ndtv Profit_oct 16, 2008_sebi Eases Investment Norms For Fiis

  • Uploaded by: Jagannadham
  • 0
  • 0
  • November 2019
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Overview

Download & View Ndtv Profit_oct 16, 2008_sebi Eases Investment Norms For Fiis as PDF for free.

More details

  • Words: 209
  • Pages: 1
Sebi eases investment norms for FIIs Press Trust of India Thursday, October 16, 2008 (Mumbai)

Mumbai, Oct 16 (PTI) With the foreign institutional investors pulling out of stock market, SEBI today removed the conditions limiting FIIs' allocation of funds between debt and equity, a decision that will provide greater flexibility and investment options to overseas investors. "It has been decided to do away with the conditions provided in ...FII regulations pertaining to restrictions of 70:30 ratio of investment in equity and debt respectively, with immediate effect," the market regulator said in a circular here. The relaxation, according to SEBI, is aimed at according "greater flexibility to the FIIs to allocate investments across equity and debt". "It will have a two-way positive impact. This will enable FIIs to invest without any obligation and will also enable Indian companies to get more funds for their expansion plans", said Jagannadham Thunuguntla, equity head Nexgen Capital. The move comes a day after government doubled the limit of FII investment in corporate debts to USD 6 billion. Finance Minister P Chidambaram yesterday said "Sebi had informed me that it would address any request for relaxation in the proportion of investment in equity and debt required to be maintained by an FII under current regulations."

Related Documents


More Documents from ""