Shareholding

India eases FDI rules for firms with up to 10% Chinese shareholding

contact@dailyupdatesindia.com4 hours ago02 mins

The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified changes in the foreign direct investment (FDI) policy to permit overseas companies with Chinese shareholding of up to 10 per cent to invest in India through the automatic route, subject to sectoral limits and conditions, PTI reported.However, the relaxation will not apply…

Govt weighs LIC FPO next financial year to meet 10% public shareholding rule

contact@dailyupdatesindia.com1 month ago02 mins

The government is considering further dilution of its holding in Life Insurance Corporation (LIC) through a follow-on public offering in the next financial year, as it moves towards meeting minimum public shareholding norms, PTI reported.Financial Services Secretary M Nagaraju said the process will be gradual and linked to market conditions, with the Department of Investment…

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India eases FDI rules for firms with up to 10% Chinese shareholding

Govt weighs LIC FPO next financial year to meet 10% public shareholding rule