Foreign investment ceiling in Asset Reconstruction Companies (ARCs) has been increased to 74 per cent from 49 per cent, a move aimed at bringing more foreign expertise in the segment.
Earlier, Foreign Institutional Investors (FIIs) were permitted to invest only in Security Receipts (SRs) issued by ARCs upto 49 per cent of each tranche of scheme of SRs. The Finance Ministry also said "the limit of FII investment in SRs may be enhanced from 49 per cent to 74 per cent".
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Earlier, Foreign Institutional Investors (FIIs) were permitted to invest only in Security Receipts (SRs) issued by ARCs upto 49 per cent of each tranche of scheme of SRs. The Finance Ministry also said "the limit of FII investment in SRs may be enhanced from 49 per cent to 74 per cent".
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