News
The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold must either divest or reclassify their holdings as Foreign Direct Investment (FDI). The directives, aimed "to further enhance the ease of doing business in India," are effective immediately.