FPI Reclassification

RBI Allows FPI Reclassification to FDI Beyond 10% Threshold in Listed Companies

The Reserve Bank of India (RBI) announced on Monday that foreign portfolio investors (FPIs) who exceed the 10% investment cap in listed Indian companies can now either reduce their holdings or reclassify the excess portion as foreign direct investment (FDI). Under existing regulations, an FPI and its investor group may...