Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...
India's Stock Exchange Regulator Eases Rules for Foreign Investors
To ease rules for foreign investors and safeguard their interest, the Securities and Exchange Board of India announced reforms which include approval for trading of both stocks and commodities on a single exchange, and capping of cross-holdings in rating agencies as well as in mutual funds. For foreign portfolio investors,...