Commonly known that foreign direct investment (“FDI”) is not permitted in companies engaged in “real estate business”. However, the term “real estate business” in the exchange control laws in India has, in the past few years, undergone subtle but significant changes.
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Archana has worked in private equity, capital markets and general corporate teams and has primarily worked on investments by private equity investors in unlisted companies and offerings of equities and securities by listed and unlisted companies.