Sebi cuts FIIs' corporate bond buy

While the Sebi reduced the limit for a single entity to Rs 200 crore from Rs 300 crore in case of government papers, the limit for corporate bonds was curtailed to Rs 2,000 crore from the existing Rs 10,000 crore.

“No single entity shall be allocated more than Rs 200 crore of the government debt investment limit... no single entity shall be allocated more than Rs 2,000 crore of the corporate debt investment limit,” Sebi said in a circular.

Earlier the regulator had raised the limit for a single FII after the overall limit for these institutions were raised to $15 billion (about Rs 67,500 crore) in case of corporate bonds and $5 billion (about Rs 22,500 crore).

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