FIIs/FPIs can now invest from 31.50 to 49 per cent under PIS in M/s Natco Pharma Limited - ଆରବିଆଇ - Reserve Bank of India
FIIs/FPIs can now invest from 31.50 to 49 per cent under PIS in M/s Natco Pharma Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 31.50 per cent to 49 per cent of the paid up capital of M/s Natco Pharma Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Natco Pharma Limited has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the FII/FPI investment limit under Portfolio Investment Scheme from 31.50% to 49% of the paid up capital of the company. The Reserve Bank has notified this under FEMA 1999. Ajit Prasad Press Release: 2014-2015/3072 |