Reuters logo
Foreign investment cap of 49 pct in India airlines includes FDI, FII
September 14, 2012 / 12:55 PM / 5 years ago

Foreign investment cap of 49 pct in India airlines includes FDI, FII

NEW DELHI, Sept 14 (Reuters) - India’s foreign investment limit of 49 percent in local airlines includes both foreign instuitional investments and foreign direct investment, according to a government document seen by Reuters.

India on Friday allowed foreign airlines to buy stakes of up to 49 percent in local carriers, in a much-awaited policy move that provides a potential lifeline to the country’s debt-laden airlines by opening up a fresh source of funding. (Reporting by Rajesh Kumar Singh; Editing by Sunil Nair)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below