Connect with us

Hi, what are you looking for?


RBI allows foreign investment in IDFC

The Reserve Bank has removed the restriction on foreign investment in IDFC after foreign shareholding in the company fell below the prescribed level. A notification from RBI said the shareholding by foreign institutional investors/foreign portfolio investors in IDFC have gone below the prescribed FII/FPI investment limit. Hence, the restrictions placed on the purchase of shares by FII/FPI of the above company, are withdrawn with immediate effect. Foreign portfolio investors held 32.18% stake in IDFC. Now FIIs, NRIs and persons of Indian origin can invest in primary and secondary capital markets in India through PIS.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.