At least half a dozen large private and MNC banks, following a rigid interpretation of the law, have told such offshore investors that they can hold less than 10% in listed companies only after registering themselves as foreign portfolio investors (FPI) with the Securities & Exchange Board of India (Sebi).
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The South American country is turning to wind power, but some local people are unhappy.
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An average of 55,572 was given in loans and gifts by members of the family, estimates show.
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05.05 | Manoj Jewellers IPO Opens May 5: Check Price, Lot Size, Financials, GMP and Listing Date |
05.05 | Q4 results today: M&M, IHCL among 41 companies to announce earnings on Monday |
05.05 | Monday Watch |
05.05 | Trump says non-US movies to be hit with 100% tariffs |
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