Portfolio investment scheme now open to PROIs (opens original article in a new tab)

The Indian government has amended rules to allow PROIs to invest in listed stocks through portfolio investment scheme, doubling investment limits and imposing conditions on excess holdings and cross-border ownership.

• The government has relaxed rules for PROIs to invest in Indian stocks via portfolio investment scheme
• Investment limits for PROIs doubled, with individual holding up to 10% and combined holdings up to 24%
• PROIs must divest excess holdings within five days or face FDI classification
• Special approval required for investments affecting ownership of companies in border-sharing countries