SEBI Clarifies on Investment Limit for FPIs Owned by Foreign Govts Two or more foreign government-related entities from the same jurisdiction will be considered a single foreign portfolio investor (FPI) and will be eligible to invest up to 10% in a listed Indian company, market regulator Sebi said. “However, in cases where government of India enters into agreements or treaties with other sovereign governments and where such agreements or treaties specifically recognise certain entities to be distinct and separate, Sebi may, during the validity of such agreements or treaties, recognise them as such, subject to conditions as may be specified by it,” Sebi said in a clarification on Tuesday. The regulator said World Bank Group — IBRD, IDA, MIGA and IFC — have been exempted from clubbing of the investment limits for the purpose of application of 10% limit for FPI investments in a single listed firm. Sebi said various stakeholders had sought guidance on clubbing of investment limits