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July 2013

Foreign investment in India by SEBI registered Long term investors in Government dated Securities

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Presently, SEBI registered Foreign Institutional Investors (FII), Qualified Foreign Investors (QFI) and long term investors can purchase, on repatriation basis, Government securities up to US $ 25 billion and non-convertible debentures (NCD)/onds issued by an Indian company up to US $ 51 billion.
This circular has increased the limit for investment in Government securities by US $ 5 billion from US $ 25 billion to US $ 30 billion. This additional limit of US $ 5 billion is available to long term investors registered with SEBI viz. Sovereign Wealth Funds (SWFs), Multilateral Agencies, Pension/ Insurance/ Endowment Funds, Foreign Central Banks.

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