Union Cabinet approves increase in foreign shareholding limit

Q.  Union Cabinet has increased foreign shareholding limit in stock exchanges from 5 to what percent?
- Published on 28 Jul 16

a. 16
b. 14
c. 13
d. 15

ANSWER: 15
 
Union Cabinet under PM Modi has approved the raising of foreign shareholding limit from 5 to 15 percent in the Indian Stock Exchanges for the following category of bodies:
  • Stock exchange
  • Depository
  • Banking Company
  • Insurance Company
  • Commodity Derivative Exchange
  • The Cabinet has also approved the proposal and enable FPI to acquire shares through initial allotment besides secondary market in the stock exchanges.
  • Move will help in enhancing global competitiveness of Indian stock exchange by acceleration of technology and international best practices leading to development of the Indian Capital Market.

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