Cabinet gives ex-post facto approval to the proposal of M/s Yes Bank Ltd. for increase in the foreign investment limit from 41.87% to 74%

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..... Cabinet gives ex-post facto approval to the proposal of M/s Yes Bank Ltd. for increase in the foreign investment limit from 41.87% to 74%
News and Press Release
Dated:- 25-5-2016

The Cab .....

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..... inet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today granted ex-post facto approval to the proposal of M/s Yes Bank Ltd. for increase in the foreign investment lim .....

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..... it to 74% from the existing foreign equity of 41.87% without any sub-limits, for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors .....

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..... . The mode of instruments include Qualified Institutions Placement (QIP) of equity shares and/or issue of ADRs/GDRs and/or QFIs/FPIs under the Portfolio Investment Scheme (PIS) by acquisition of perm .....

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..... issible securities on stock exchange (except NRIs). The approval may be accorded subject to the conditions referred to para 8.2 of the Note. This will result in a Foreign Direct Investment of US $ 1 .....

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..... billion (Rs. 6885 crores approx.) in the country.
News - Press release - PIB .....

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