SEBI REGISTERED FIIs TO INVEST MORE IN SECONDARY MARKET

Reserve Bank of India (RBI) vide its Circular RBI/2010-11/492 A.P. (DIR Series) Circular No. 55 dated April 29, 2011 has enhanced the limits of investments by Foreign Institutional Investors (FIIs) in Corporate Debt in Secondary Market. Now FIIs can invest in listed non convertible debentures / bonds upto USD 40 billion (with a sub limit of USD 25 billion for investment in listed non-convertible debentures / bonds issued by corporate in the infrastructure sector).