The Reserve Bank of India (“RBI”) has, vide its circular dated July 14, 2014, declared that partly paid up shares and warrants would also be eligible instruments for foreign investment through the Foreign Direct Investment (FDI) route or Foreign Portfolio Investment (FPI) route under the automatic route, foreign investment in which instruments was earlier allowed only under the approval route.
Partly-paid-up-Shares-and-Warrants-–-Foreign-Investment-under-Automatic-Route-July-2014
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