FIIs allowed to reinvest 50% of debt holding

Mumbai: The Securities and Exchange Board of India (Sebi) said on Tuesday that foreign institutional investors (FIIs) that did not purchase their debt investment limit at the start of the year in 2012 but did so subsequently, can reinvest 50% of their maximum debt holding in 2013.

Earlier, only FIIs that bought up to their limit at the start of the year were given this flexibility, the regulator said in a circular.