Reserve Bank of India Raises Shareholding Limit of ARCs

Posted on:24 Nov 2017 13:09:17
Reserve Bank of India Raises Shareholding Limit of ARCs
24 November 2017 Current Affairs: The Reserve bank of India (RBI) allowed Asset Reconstruction Companies (ARCs) to hold more than 26% post-conversion of debt into equity in companies undergoing restructuring.

In a notification, the central bank notified the extent of shareholding post-conversion will be in accordance with permissible foreign direct investment (FDI) limit for that specific sector.

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