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Thursday, August 23, 2012

Pakistanis can buy shares, debentures of Indian cos: RBI

The Reserve Bank of India on Wednesday said a citizen of Pakistan or an entity incorporated in that country may, with the prior approval of the Government of India’s Foreign Investment Promotion Board, purchase shares and convertible debentures of an Indian company under the Foreign Direct Investment Scheme. 

FDI is, however, not permitted in sectors/activities pertaining to defence, space and atomic energy and sectors/activities prohibited for foreign investment.


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