SEBI FPI Regulations mandates that the purchase of equity shares of each company by a single foreign portfolio investor or an investor group shall be below 10% of the total issued capital of the company. Further, FPI Regulations requires that in case the same set of ultimate beneficial owner(s) invest through multiple entities, such entities shall be treated as part of same investor group and the investment limits of all such entities shall be clubbed at the investment limit as applicable to a single foreign portfolio investor.
Accordingly, at the time of finalization of basis of allotment during primary market issuances, Registrar and Transfer Agents (RTAs) shall obtain validation from Depositories for the foreign portfolio investors who have invested in the particular primary market issuance to ensure there is no breach of investment limit.
NSDL is providing a validation facility to RTA for the foreign portfolio investors who have invested in the particular primary market issuance
For IPO validation contact film@nsdl.com
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