Markets regulator Securities and Exchange Board of India (Sebi) withdrew the 20% limit on investments by Foreign Portfolio Investors in corporate bonds of an entity. The regulator stated that the restriction is being withdrawn in accordance with a circular issued by the Reserve Bank of India (RBI).
In June 2018, Sebi had mandated that no Foreign Portfolio Investors (FPIs) shall have an exposure of more than 20% of its corporate bond portfolio to a single corporate. However, the central bank in February 2019 lifted the restriction in view of market feedback.
Source: Economic Times