Corporate News November 2024 - Acquisory Bulletin
Chandni Ansari10 Jan, 2025Business
SEBI vide this circular has modified the Procedure for reclassification of FPI investment to FDI. In case the investment made by a Foreign Portfolio Investor (along with its investor group) reaches 10% or more of the total paid up equity capital of a company on a fully diluted basis and the FPI (along with its investor group) intends to reclassify its FPI holdings as Foreign Direct..
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