26.01.2009 - India government seeks cap on Temasek, GIC holdings in listed companies
From Economictimes.indiatimes.com: The finance ministry has proposed that a key agreement between India and Singapore be amended to prevent two Singapore government-owned investment entities -- Temasek and GIC -- from together holding more than 10% equity stake in any publicly-traded Indian company. Under the current SEBI regulations, a foreign institutional investor (FII) cannot hold more than 10% in a single Indian company. Different FIIs owned by a common entity are classified as an 'FII group' and are subject to the 10% cap..... Full Article: Source
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