The RBI has notified that foreign institutional investors and registered foreign portfolio investors can now invest up to 49 per cent of the paid-up capital of Prestige Estates Projects under the portfolio investment scheme, following their holding slipping below the threshold.
Currently, FIIs own 20.95 per cent stake in Prestige Estates. Prominent among these are Government of Singapore (4.3 per cent) and Monetary Authority of Singapore (1.03 per cent).