Under the new rules, Indian entities can make investments in foreign companies that have Indian subsidiaries provided the whole investment structure doesn't have more than two layers. Now, there are two interpretations about how the layers will be counted, experts said.source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-seek-clarity-on-new-rules-about-roundtripping-in-overseas-investment/articleshow/93761735.cms
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