A Mid Path Between Sebi Takeover Code and FDI Sectoral Cap
In the midst of searching a way out to enable the Indian Companies to raise FDI on the one hand and to enable the foreign investor to invest in Indian Company by ensuring the compliance of the contradictory provisions of SEBI Takeover Code and FDI Sectoral Cap , the Government is of the view that foreign investors who wish to invest in listed Indian companies that operates in sectors where FDI sectoral cap is at 26% or 49% will be advised to first acquire shares from the public through an open offer and then acquire the additional stakes.