Sebi May Expand QIBs' Definition

This will be the first board meeting after Tuhin Kanta Pandey, who assumed the role of Sebi chairperson earlier this month.

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The disclosure norms, introduced in August 2023, require FPIs with assets under custody (AUC) of over ₹25,000 crore or with over 50 per cent of their AUC concentrated in a single corporate group to provide additional ownership details.

Doubling the threshold will help reduce compliance burdens while maintaining transparency. The change comes at a time when FPIs have withdrawn over ₹2 trillion from domestic equities over the past six months.

Vivaik Sharma, partner at Cyril Amarchand Mangaldas, said increasing the equity exposure limit while retaining the concentration limit for a single group was a pragmatic move. "FPIs with such significant investments are expected to have inherent safeguards against the circumvention of PN3 (Press Note 3) norms," Sharma said.