FIIs/FPIs can now invest 40 to 42 per cent under PIS in M/s Kotak Mahindra Bank Limited - आरबीआय - Reserve Bank of India
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प्रकाशित तारीख मार्च 09, 2017
FIIs/FPIs can now invest 40 to 42 per cent under PIS in M/s Kotak Mahindra Bank Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 40 per cent to 42 per cent of the paid up capital of M/s Kotak Mahindra Bank Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Kotak Mahindra Bank Limited has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the limit from 40% to 42% of the paid up capital of the company. The Reserve Bank has notified this under FEMA 1999. Anirudha D. Jadhav Press Release: 2016-2017/2407 |
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