ANNOUNCEMENT 06 Sep 2013In September 2013, the government of India announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
On 6 September 2013, the Reserve Bank of India amended the rules of its FDI scheme. The amendment permits non-residents of any nationality to acquire shares of listed Indian companies on recognised stock exchange under certain conditions.
Previously, only foreign institutional investors, "Qualified Foreign Investors" and non-resident Indians were eligible to acquire shares on the recognised stock exchanges.