Monitoring of Foreign Investment under the PIS in Indian Companies - Incorporation in Caution List-FIIs/NRI/PIO/FDI/ADR/GDRs : M/s Induslnd Bank Ltd. - RBI - Reserve Bank of India
80601630
Published on
April 10, 2014
Monitoring of Foreign Investment under the PIS in Indian Companies - Incorporation in Caution List-FIIs/NRI/PIO/FDI/ADR/GDRs : M/s Induslnd Bank Ltd.
The Reserve Bank of India has today notified that the foreign share holding through Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Foreign Direct Investment (FDI)/American Depository Receipt (ADR)/Global Depository Receipts (GDRs) in M/s Induslnd Bank Ltd. has reached the trigger limit. Hence, further purchases of equity shares of M/s Induslnd Bank Ltd. would be allowed only after obtaining prior approval of the Reserve Bank of India. Ajit Prasad Press Release : 2013-2014/1999 |
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