Sebi regulations at present do not allow cashless transfers of securities between FPIs with different permanent account numbers
India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020. Of the total commitment of USD 2.51 billion in April this year by the Indian company owners, USD 1.75 billion was in the form of loan, USD 421.42 million as equity capital and USD 333.11 million was chipped in through issuance of guarantee, showed the RBI data on OFDI for the month of April 2021. In March 2021, Indian firms made investment of over 1.99 billion in their overseas ventures. Among the major investors, Tata Steel invested USD 1 billion in its wholly owned subsidiary in Singapore, Interglobe Enterprises Pvt Ltd invested USD 145.61 million in a joint venture based in the UK and Reliance Industrial Investments & Holdings Ltd committed USD 78.52 million in a fully owned unit in the ..
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It is the highest ever inflow for the first nine months of a financial year
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In November 2020, the total outward foreign direct investment (OFDI) was of $1.06 billion, down by 27 per cent from a month ago period
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FPI flows in India for the year stood at $22.6 billion, 58 per cent higher than that in 2019
It's the highest-ever in rupee terms; three-fourths of flows have come since November
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The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present
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State grabs 16% of funds coming into India during the period, or about Rs 20,000 cr
While overall FII sentiment has been positive, thanks to the low interest rate regime, analysts say India has managed to bag more than its fair share of overseas flows du to record capital raising
At least half a dozen foreign investors are said to be in talks with the government for this mechanism
Surplus in April-June 2020 (Q1Fy21) comes on top of a surplus of $0.6 billion (0.1 per cent of GDP) in the preceding quarter (Q4 Fy20), says RBI.
In recent weeks, several international companies have pledged $20 billion FDI in India, and a whopping $40 billion this year so far