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Do NRIs need any permission of RBI to subscribe for IPOs or Private placements of equity shares/convertible debentures of existing or new companies?

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Do NRIs need any permission of RBI to subscribe for IPOs or Private placements of equity shares/convertible debentures of existing or new companies?

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No. NRIs do not require any permission to invest though Initial Public Offerings (IPOs) or Private placements. In such cases, the Issuing company should comply with all necessary regulations for issuing securities to a person resident outside India.

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