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Monitoring of Foreign Investment under the PIS in Indian Companies - Incorporation in Ban List - FIIs: M/s Axis Bank Ltd

The Reserve Bank of India has today notified that the foreign share holding by Foreign Institutional Investors (FIIs) in M/s Axis Bank Ltd. has crossed the overall limit of 49% of its paid-up capital. Therefore no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of FIIs.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/1932

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