Little India: Overseas Indian, NRI, Asian Indian, Indian American

Govt Clarifies, Says Overseas Indian Investors Can Buy up to 5% in Any Security

Overseas investors of Indian origin are allowed to buy up to 5% in any security under current regulation, economic affairs secretary Subhash Chandra Garg said on Tuesday, in a bid to calm markets after recent regulatory changes.

Markets fell for the second straight day as fresh concerns emerged over a April circular issued by the Securities and Exchange Board of India (Sebi) that said foreign investment rules for companies of Indian origin had been tightened.