Foreign Portfolio Investors

Additional disclosures by foreign portfolio investors

SEBI, vide notification dated March 20, 2024, amended the criteria listed under para 8 of the circular dated August 24, 2023⁷ (“FPI Circular”) wherein it is decided that foreign portfolio investors (“FPIs”) having more than 50% of its Indian equity Asset Under Management (“AUM”) in a corporate group will not be required to make the additional disclosures as specified in the FPI Circular, subject to compliance with all of the following conditions:

1. the apex company of such corporate group has no identified promoter;
2. the FPI holds not more than 50% of its Indian equity AUM in the corporate group, after disregarding its holding in the apex company (with no identified promoter); and