The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 30 per cent to 49 per cent of the paid up capital of M/s Grasim Industries Limited under the Portfolio Investment Scheme (PIS).

The Reserve Bank has stated that M/s Grasim Industries Limited has passed necessary resolution at Board of Directors` level and also of special resolution by its general body for increasing the FIIs/FPIs investment limit under Portfolio Investment Scheme from 30 per cent to 49 per cent of the paid up capital of the company.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/2779