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While calculating ceiling on foreign holdings, are preference shares included?

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While calculating ceiling on foreign holdings, are preference shares included?

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Yes, if it is convertible into equity shares. Non-convertible redeemable preference shares are not included for calculating FDI limit. Return to TOP..

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Yes, if it is convertible into equity shares. Non-convertible redeemable preference shares are not included for calculating FDI limit.

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