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Sebi allows foreign investors to buy shares via primary mkts

Press Trust of India  |  New Delhi 

Markets regulator has allowed foreign investors to acquire through primary markets in depositories and clearing corporations.

Prior to this, foreign investors could acquire of depositories and clearing corporations only through secondary market.

The move comes at a time when Central Depository Services Limited (CDSL) is preparing to launch its initial public offering.

As per norms, total foreign holding in depositories and clearing corporations is capped at 49 per cent.

The Securities and Exchange Board of (Sebi) has now amended Stock Exchanges and Clearing Corporations regulations as well as Depositories and Participants norms, to drop a provision that required purchase of by foreign investors within 49 per cent limit only through secondary markets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 16 2017. 20:22 IST