Investment by FIIs under PIS : M/s. SVC Resources Ltd. - ಆರ್ಬಿಐ - Reserve Bank of India
Investment by FIIs under PIS : M/s. SVC Resources Ltd.
The Reserve Bank of India today notified that M/s. SVC Resources Ltd. has agreed to enhance the limit for the purchase of its equity shares, preference shares (mandatorily and fully convertible) and debentures (mandatorily and fully convertible) by foreign institutional investors (FIIs), through the primary market and stock exchanges, under the portfolio investment scheme (PIS) up to 49 per cent of its total paid up capital. The company has passed a resolution at the Board of Directors' level and a special resolution to this effect by the shareholders. FIIs can now purchase under the portfolio investment scheme through the primary market and stock exchanges, equity shares, preference shares (mandatorily and fully convertible) and debentures (mandatorily and fully convertible) of M/s. SVC Resources Ltd., provided :
R.R. Sinha Press Release : 2010-2011/1147 |