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TMI BlogPurchase/ Sale of capital instruments of a listed Indian company on a recognised stock exchange in India by Foreign Portfolio InvestorsX X X X Extracts X X X X X X X X Extracts X X X X ..... ndian company on a recognised stock exchange in India by Foreign Portfolio Investors 1. Purchase/sale of capital instruments A Foreign Portfolio Investor (FPI) may purchase or sell capital instruments of an Indian company on a recognised stock exchange in India subject to the following conditions. (1) The total holding by each FPI or an investor group as referred in SEBI (FPI) Regulations, 2014 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pecial resolution, respectively. (2) In case the total holding of an FPI increases to 10 percent or more of the total paid-up equity capital on a fully diluted basis or 10 percent or more of the paid-up value of each series of debentures or preference shares or share warrants issued by an Indian company, the total investment made by the FPI shall be re-classified as FDI subject to the conditions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pricing methodology for valuation of shares on arm's length basis, duly certified by a Securities and Exchange Board of India registered Merchant Banker or Chartered Accountant or a practicing Cost Accountant, as applicable (4) An FPI may, undertake short selling as well as lending and borrowing of securities subject to such conditions as may be stipulated by the Reserve Bank and the Securities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The sale proceeds (net of taxes) of the investments made under this schedule may be remitted outside India or may be credited to the foreign currency account or a SNRR account of the FPI. 4. Saving All investments made by deemed FPIs in accordance with the regulations prior to their registration as FPI shall be continued to be valid and taken into account for computation of aggregate limits. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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