The Securities and Exchange Board of India is proposing to treble the maximum equity stake individual investors are allowed to take in Indian exchanges – a move that could be of interest to international firms which have reached or even surpassed the existing 5% limit.
The regulator has invited comment on a proposal to increase the maximum stake to 15%, saying it has been “receiving requests from certain quarters that the present limit of 5% is acting as a deterrent for attracting long term anchor/strategic investors in stock exchanges” because “the shareholding of any single investor group is too...