Mumbai – 400051
June 27, 2023
The question of what constitutes a ‘foreign direct investment’ on the one hand, and a ‘foreign portfolio investment’ on the other, has been a matter of great debate.
In this paper, we analyze the genesis viz. the legislative intent and the practical application of existing regulatory framework by certain authorized dealer banks and opine on whether a foreign direct investor can acquire less than 10% of a listed entity off-market.