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Persons residing outside India (PROI) will now be permitted to invest more capital in equity instruments of listed Indian companies through the portfolio investment scheme as part of a push toward increasing the ease of doing business in India.
Presenting her ninth consecutive Budget, FM Nirmala Sitharaman proposed increasing the investment limit for individual PROIs to 10% from the current 5%. The combined investment limit for individual PROIs will also be increased to 24% from the current 10%, she said.
Currently, PROIs are allowed to invest in the equity instruments of Indian corporates through the
foreign direct investment (FDI) or foreign portfolio investment (FPI) routes.
(The story will be updated soon)
The post Budget 2026: Equity Investment Limit For PROIs Increased To 10%, Combined Limit Hiked To 24% appeared first on Inc42 Media.
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