Foreign holdings in NSE-listed companies was at 18.19% as of December 2023 down from 19.66% in December 2018 or 19.36% as of December 2013. FIIs holding hit a peak of 21.21% in December 2020.
Business News: The Indian government has given permission for Indian companies to directly list on foreign exchanges, following the opening of GIFT City. However, th
Experts suggest that companies receiving these notices should examine the specific details of their case. One case, Northern Operating Systems, involved back-office services provided to overseas affiliates, with managerial and technical staff deputed for a specified period. The employees remained on the payroll of their original employer, with salaries reimbursed by the Indian company to the overseas entity.