RBI issues framework for reclassification of FPI to FDI

The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have introduced a framework allowing foreign portfolio investors (FPIs) exceeding the 10% investment limit to reclassify their holdings as foreign direct investment (FDI). This reclassification requires government approvals, adherence to reporting timelines, and is prohibited in sectors where FDI is restricted.
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