The new regulations, which have come into effect today, replaces the existing Sebi regulations for Foreign Institutional Investors (FIIs) and the new class of investors, FPIs, would encompass all FIIs, their sub-accounts and Qualified Foreign Investors (QFIs).
Heidelberg Cement India had appointed India Ratings and Research, a Fitch group company, as the credit rating agency for the purpose of obtaining credit rating in view of the proposed issue of debentures.
The new norms provide an operational framework for foreign portfolio investors (FPIs), a new class of overseas investors that club all existing class of investors like Foreign Institutional Investors (FIIs) and Qualified Foreign Investors (QFIs).
Securities and Exchange Board of India (Sebi) has adopted the KM Chandrasekhar committee report on ways to simplify foreign portfolio investment regime.