ANNOUNCEMENT 15 Sep 2015In September 2015, the government of India announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Press release No. 9 (2015)
On 15 September 2015, the Department of Industrial Policy and Promotion issued Press Note No. 9 (2015 series) allowing FDI through two additional instruments. Under the new rules, foreign investors may also purchase partly paid equity shares and share warrants.
Preference shares and convertible debentures are, as before, required to be fully paid.