The Reserve Bank of India (RBI) today allowed non-resident investors, including NRIs, to buy shares of Indian entities listed on recognised stock exchanges under FDI scheme, but subject to certain conditions.
At present, FIIs, QFIs and NRIs are eligible to acquire shares on the recognised stock exchanges in compliance with FEMA regulations, but a non-resident is not permitted to acquire shares on bourses under the FDI scheme.
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