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FDI: Entry and ownership rule
On 19 May 2016, the Reserve Bank of India notified an increase in the FDI limit for investments in Credit Information Companies (CIC) from 74% to 100%, subject to certain conditions regarding voting rights that have not been changed. Further, Foreign Institutional Investors and Foreign Portfolio Investors have been permitted to invest in such CICs based on conditions that such shareholding by an individual entity will be less than 10% and that they shall not seek any representation in the Board of Directors.
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