Business The Reserve Bank of India defines FDI as purchase of a stake in a listed company that’s 10% or larger by an individual or entity based abroad. Under discussion is a plan to amend FDI rules so that investors can pick up the stake without the government’s approvaL. India is considering a proposal forContinue reading “LIC IPO: Govt plans to allow 20% foreign investment in India’s biggest offering.”
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India is likely to prevent Chinese investors from participating in the LIC IPO
Shares in Insurance According to Reuters, four senior government officials and a banker are working to defuse tensions between the two countries by barring Chinese investors from purchasing shares in a publicly traded life insurance firm (LIC).
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