FII investments in debt
Following the Government
of India’s announcement of enhanced debt limit from US$ 3 billion to US$ 6
billion for investments by FIIs in corporate debt,
SEBI has issued Circular No. IMD/FII & C/ 33
Further in order to accord flexibility to the FIIs to allocate the investments across equity and debt, it has been decided to do away with the conditions provided in regulation 15(2) of SEBI FII regulations pertaining to restrictions of 70:30 ratio of investment in equity and debt respectively, with immediate effect.
The full text of the circular is available on SEBI website: www.sebi.gov.in