Definition
Core Investment Company – An RBI-regulated category of NBFC» whose business is mainly holding shares and securities in its own group companies (at least 90% of assets in group investments, with restrictions on external borrowing and lending). A large Indian holding company that ends up owning a big group shareholding through a demerger or restructuring is often required to register and convert to CIC status within a set regulatory deadline, rather than being treated as an ordinary lending NBFC. Found In: Notes to Financial Statements (regulatory registration), Corporate Actions disclosure