The Securities and Exchange Board of India (Sebi) on Tuesday said that no single foreign institutional investor (FII) should be allocated more than Rs 1,000 crore in the unutilised investment limits for government debt.
Sebi said that the allocation of unutilised investment limits would be done in the same manner as permitted under the norms of debt investment limits.
According to debt investment norms for FIIs, a minimum of Rs 250 crore can be bid for, with the minimum tick size being Rs 100 crore. The period for utilisation of the limits allocated is 45 days.
