Subscribe to BCA Journal Know More

December 2013

A. P. (DIR Series) Circular No. 74 dated 11th November, 2013

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
fiogf49gjkf0d
Foreign investment in India – participation by SEBI registered FIIs, QFIs and SEBI registered long term investors in credit enhanced bonds

This circular permits SEBI registered Foreign Institutional Investors (FIIs), Qualified Foreign Investors (QFI) and long term investors – Sovereign Wealth Funds (SWF), Multilateral Agencies, Pension/Insurance/ Endowment Funds, foreign Central Banks – to invest in the credit enhanced bonds, as per paragraph 3 and 4 of A.P. (DIR Series) Circular No. 120 dated 26th June, 2013, upto a limit of $5 billion within the overall limit of $51 billion earmarked for corporate debt.

You May Also Like