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Markets3h 33m ago

The Finance Ministry has expanded the definition of overseas individual investors in listed equity investments to include all individual persons resident outside India, including NRIs and OCIs, under the foreign portfolio investor scheme.

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India

Who
Finance Ministry, individual persons resident outside India, non Resident Indians (NRIs), Overseas Citizens of India (OCIs), Finance Minister Nirmala Sitharaman, Sindhuja Kashyap (Partner, King Stubb & Kasiva, Advocates and Attorneys), SEBI, Reserve Bank
What
The Finance Ministry has expanded the definition of overseas individual investors in listed equity investments to include all individual persons resident outside India, including NRIs and OCIs, under the foreign portfolio investor scheme.
When
Sun, 14 Jun 2026 15:17:55 GMT · 3h 33m ago
Where
India ·
Why
The move follows an announcement by Finance Minister Nirmala Sitharaman in the Union Budget FY2026-27 to permit individual Persons Resident Outside India (PROI) to invest in equity instruments of listed Indian companies.
The Frontline Impact

How this affects you

This change allows a broader group of global individual investors, beyond those with ancestral ties to India, to invest in listed Indian companies. This is expected to deepen foreign investment in India's equity markets but requires further operational guidance from SEBI and the Reserve Bank.

Story chain

3 events in this thread
  1. Markets3h 33m ago
    The Finance Ministry has expanded the definition of overseas individual investors in listed equity investments, enabling all individual persons resident outside India to invest, including Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), under the foreign portfolio investor scheme.
    Open article
  2. Currently Reading3h 33m ago
    The Finance Ministry has expanded the definition of overseas individual investors in listed equity investments to include all individual persons resident outside India, including NRIs and OCIs, under the foreign portfolio investor scheme.
  3. Markets3h 33m ago
    The Finance Ministry has expanded the definition of overseas individual investors in listed equity investments to include all individual persons resident outside India, including non-Resident Indians and Overseas Citizens of India, under the foreign portfolio investor scheme.
    Open article

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