As foreign investors remain bullish on Indian markets, leading bourse NSE will auction on Monday investment limits for overseas institutional investors in government debt securities worth Rs 3,161 crore. The auction follows aggregate overseas investments in government debt securities yesterday reaching Rs 1,21,271 crore, which is 97.46 per cent of total permitted limit of Rs 1,24,432 crore. As per capital markets regulator Sebis guidelines, the unutilised debt investment limits for FIIs need to be auctioned on an exchange platform when the aggregate investments of all overseas investors reach or breach 90 per cent of the investment limit. These include FIIs (foreign institutional investors), Foreign Portfolio Investors (FPIs) and QFIs (Qualified Institutional Investors). Accordingly, live bidding for auction of the currently unutilised debt investment limits worth Rs 3,161 crore would be conducted on NSEs e-Bid platform on December 1. The last such auction was conducted on BSEs EbidXchange platform on November 10, when debt securities worth Rs 1,488 crore was over-subscribed by nearly four times and received bids worth Rs 5,664 crore. A total of 83 bids were received, out of which 28 were declared successful on that day.
Posted on: Fri, 28 Nov 2014 09:28:10 +0000