Read the following statements carefully:
1.Markets regulator SEBI has said that allotment of shares to foreign portfolio investors (FPIs) in initial public offers would need to be verified with PANs.
2.This step is taken as a check against any breach of investment limit through multiple entities.
3.Under the rules, purchase of equity shares of each firm by a single FPI would have to be below 20% of the firm’s total issued capital.
Which of the above statements is/are true?