India, Jan. 17 -- Markets watchdog Sebi on Thursday said certain overseas government agencies and their related entities will be exempted from clubbing of investment limit that is applicable for foreign portfolio investors.
The exemption would be applicable where the Indian government has entered into agreements or treaties with overseas governments or there is an order.
Issuing a circular on exemption from clubbing of investment limit for foreign government agencies and its related entities, Sebi cited a rule under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 regarding Investments by Foreign Portfolio Investors (FPIs).
In line with these rules, Sebi said "certain foreign government agencies and its related entities...