The Department of Economic Affairs (DEA) has amended Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in pursuance of Union Budget 2024-25 announcement with the objective of simplifying cross-border share swaps for greater Ease of Doing Business and allowing issuance or transferring of Indian company equity instruments in exchange for foreign company equity instruments. Our Senior Partner Akila Agrawal shares her views on this in an article published by The Economic Times. (Photo Credit: The Economic Times)
