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Move to boost investment in infrastructure: RBI hikes FII limit.
press trust of indiaMUMBAI/NEW DELHI, 29 APRIL: In a bid to boost investment in the infrastructure sector, the Reserve Bank today hiked the limit on FII investment in listed non-convertible debentures and bonds issued by core segment companies by $20 billion. Till now, the limit for such investment was $15 billion in corporate debt with an additional limit of $5 billion in bonds with a residual maturity of over five years. The additional limit has been raised to $25 billion, taking the maximum limit of FII investment in bonds and non-convertible debentures issued by infrastructure companies to $40 billion, RBI said in a notification. The apex bank added that such investments by FIIs …
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- FII CAP FOR INFRA COMPANIES NCDS, BONDS RAISED BY $20 BILLION (to $40 billion...
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