TMI BlogCabinet 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%X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - News - The Cab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 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 pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmissible 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... $ 1 billion (Rs. 6885 crores approx.) in the country. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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