On 6 June 2014, the Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs), Qualified Foreign Investors (QFIs) deemed as registered Foreign Portfolio investors, registered Foreign Portfolio Investors (FPIs) and long term investors registered with the Securities and Exchange Board of India (SEBI) to invest on a repatriation basis in non-convertible/redeemable preference shares or debentures issued by an Indian company from its general reserve and listed on a recognized stock exchange in India.
 
Furthermore, non-resident Indians are also allowed to invest in such securities on both a repatriation or non-repatriation basis.