FIIs/RFPIs/QFls/NRIs/PIO can now invest up to 49 per cent under PIS in M/s Ujjivan Financial Services Limited - ଆରବିଆଇ - Reserve Bank of India
FIIs/RFPIs/QFls/NRIs/PIO can now invest up to 49 per cent under PIS in M/s Ujjivan Financial Services Limited
The Reserve Bank of India has today notified that in view of listing of shares of the Company, M/s Ujjivan Financial Services Limited on stock exchange, the aggregate investment ceiling for Foreign Institutional Investor (FII)/Registered Foreign Portfolios Investors (RFPI) investment under Portfolio Investment Scheme shall remain at 49%. The Reserve Bank has further advised that the aggregate limit for NRI investment shall not exceed 10%. The total foreign investment from all sources i.e. Foreign Institutional Investors (FIIS)/Registered Foreign Portfolios Investors (RFPI)/Non Residential Indians(NRI)/ American Depository Receipts (ADR)/Global Depository Receipts (DDR)/Foreign Direct Investment(FDI)/Person of Indian Origin (PIO) in the company shall not exceed 49%. The Reserve Bank has notified this under FEMA 1999. Ajit Prasad Press Release : 2015-2016/2614 |