SEBI has given its nod for 14 foreign institutional investors (FIIs) including Barclays Bank as well as BNP Paribas and Citicorp Investment Bank, to make an investment of Rs 10,000 crore in government debt. These FIIs will have to invest this amount within 45 days, otherwise other FIIs would be allowed to invest the amount, SEBI said in a release.
However, out of the 14, as many as eight FIIs including Bank of America Singapore as well as Barclays Bank PLc and its sub-account, Blackrock Investment Management (UK), BNP Paribas and Citicorp Investment Bank (Singapore) have been asked to invest Rs 950 crore each in the government securities.
Moreover, four sub-accounts of Kotak Mahindra (UK) Ltd have been permitted to inject Rs 250 crore each in the government securities (G-sec).
Standard Chartered Bank (Mauritius) Ltd has been allowed to make an investment of Rs 750 crore in government bonds while Rs 650 crore for JP Morgan Chase.
However, out of the 14, as many as eight FIIs including Bank of America Singapore as well as Barclays Bank PLc and its sub-account, Blackrock Investment Management (UK), BNP Paribas and Citicorp Investment Bank (Singapore) have been asked to invest Rs 950 crore each in the government securities.
Moreover, four sub-accounts of Kotak Mahindra (UK) Ltd have been permitted to inject Rs 250 crore each in the government securities (G-sec).
Standard Chartered Bank (Mauritius) Ltd has been allowed to make an investment of Rs 750 crore in government bonds while Rs 650 crore for JP Morgan Chase.
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