India

India

India increased the limit for foreign investment in Stock Exchanges

27 Jul 2016

On 27 July 2016, the Union Cabinet approved the proposal to raise the foreign shareholding limit from 5 per cent to 15 per cent in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company and a commodity derivative exchange. The approval is in pursuance of the implementation of the Budget Announcement made by the Finance Minister while presenting the Union Budget 2016-17 regarding reforms in FDI Policy with respect to the enhancement of investment limits for foreign entities in Indian stock exchanges from 5 per cent to 15 per cent on par with domestic institutions.

Nature of measure:
  • Other regulatory changes
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Financial and insurance activities)
Inward FDI:
No
Outward FDI:
No
Sources: