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Our Bureau

Mumbai, May 15

Fourteen foreign institutional investors (FIIs) have been allocated investment limits for Government debt totalling Rs 10,000 crore by SEBI.

This followed Friday’s open bidding process for the unutilised FII investment limits in Government securities on the BSE offered platform, said a statement from SEBI.

No FII would be allocated more than Rs 1,000 crore in the unutilised investment limits for Government debt, according to a circular from SEBI earlier this week. According to debt investment norms for FIIs, a minimum of Rs 250 crore can be bid for, and the period for utilisation of the limits allocated is 45 days.

The remaining limit for investment in Government debt, following Friday’s bid, would be allocated among the FIIs/sub-accounts on a “first come first served” basis, and subject to a ceiling of Rs 249 crore for each registered entity, a SEBI circular issued on Friday said.

More Stories on : Foreign Institutional Investors | Strategy

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