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Sebi further relaxes FII debt allocation method

Source : BUSINESS_STANDARD
Last Updated: Tue, Jan 01, 2013 19:33 hrs
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Capital market regulator Securities and Exchange Board of India (Sebi) on Tuesday said the re-investment facility for foreign institutional investors (FIIs) and sub-accounts will also be applicable for limits acquired even before January 2012. In November, Sebi had allowed reinvestment of 50 per cent of debt holdings at the end of a calendar year during the next calendar year. Sebi also said for those FIIs, which did not hold any debt investment limits as on January 3, 2012, and the purchased debt investment limits thereafter, shall be allowed a cumulative re-investment facility to the extent of 50 per cent of their maximum debt holding at any point of time during the calendar year 2013.




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