After SEBI move to review Chinese FPI investments, Government tweaks FDI policy to prevent hostile takeovers of Indian companies in current times.
Putting brakes on deep pocketed Chinese companies and its sovereign funds looking to do bargain-hunting in India during the current COVID-19 times, the Centre has tweaked its FDI policy, requiring Government approval for all FDI proposals coming from neighbouring countries with which India shares its land border.
Please click on the following link to read the news in full : Covid-19: Govt steps in to curb opportunistic takeovers of Indian companies
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