RBI Eases Norms For FPIs In Corp Debt

Mumbai: The Reserve Bank of India (RBI) on Thursday relaxed norms for investments by foreign portfolio investors (FPIs) in corporate debt securities through the general route by withdrawing certain requirements.

At present, investments by FPIs in corporate debt securities through the general route are subject to the short-term investment and concentration limit. “On a review, and with a view to providing greater ease of investment to FPIs, it has been decided to withdraw the requirement for investments by FPIs in corporate debt securities to comply with the short-term investment limit and the concentration limit,” the RBI said in a circular. General route-1 for investment in government and corporate debt securities by FPIs, subject to specified investment limits and macroprudential limits.

Paytm CEO Sharma, brother settle ESOP case with Sebi

New Delhi: One97 Communications Ltd, owner of the Paytm brand, its CEO Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma on Thursday settled with markets regulator Sebi a case pertaining to the company’s Employee Stock Options (ESOPs) by paying a total amount of Rs2.8 crore. As a part of the settlement, Vijay will not accept any fresh ESOPs from any listed company for a period of 3 years, according to an order passed by Sebi.