CAduniya.com : CA India Blog

Mumbai (PTI): Market regulator SEBI on Thursday raised the limit of cumulative investment in government debt securities by FIIs and their sub accounts by $ 600 million to $ 3.2 billion.

“It has now been decided to further enhance the limit (for FIIs/sub-accounts cumulative investment in Government/Treasury Bills) to $ 3.2 billion,” SEBI said in a circular.

Earlier last year, SEBI had raised this limit to $ 2.6 billion from $ 2 billion.

The market regulator has also decided to treat all investments by FIIs and their sub-accounts in units of debt-oriented mutual funds as corporate debt only.

As such, FII investment in these units would have to prescribe to $ 1.5-billion ceiling, as is stipulated for corporate debt.

Currently, there was no uniformity whether to consider investments by FIIs in debt-oriented mutual funds as debt or equity.

 Source

Mumbai (PTI): The Bombay Stock Exchange benchmark Sensex moved up by 253.45 points in early trade on Friday on emergence of buying by funds at existing lower level.

The 30-share index, Sensex, which lost 110 points on Thursday, bounced back by 253.45 points to 17,902.16 in the first five minutes of trade.

Similarly, the wide-based National Stock Exchange’s index Nifty also rose by 77.90 points to 5,215.35 as most of the heavy-weight stocks like Reliance Industries and Infosys Technology gained substantial ground.

Anil Dhirubahi Ambani group (ADAG) is likely to refund the excess money of Reliance Power IPO from February 1, as the working of share allocation may likely to complete today as per market sources assumes.

The market sources has spread the notion that 4.3 million investors out of 5.0 million will get only 15PO shares each who has applied for more than 225 shares.

No share would be allotted to those who have applied less then 225 shares.

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